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Save-A-Lot 121 S Sprigg St

36,000 SF Retail Building Cape Girardeau, MO 63703 £906,289 (£25.17/SF)

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INVESTMENT HIGHLIGHTS

The property has the potential to increase its income by leasing the vacant retail suite at market rent, presenting an opportunity to boost cash flow.
Corner lots benefit from increased visibility and traffic, which will attract more customers and tenants.
Having a successful grocer as an anchor tenant can draw additional foot traffic, benefitting future tenants and contributing to a vibrant center.

Purchase the property well below replacement cost, providing a buffer against market fluctuations
The large size of the lot may allow potential expansion or redevelopment opportunities for the buyer, increasing the property’s long term value.

EXECUTIVE SUMMARY

Check out this great investment opportunity located in downtown Cape Girardeau, Missouri! With approximately 36,000 square feet, and just under 2.5 acres, this property has unlimited potential. Located just minutes from the Mississippi river and The Bill Emerson Memorial Bridge connecting Illinois and Missouri. Property is also located just half a mile away from Southeast Missouri State University. The Save-A-Lot is still operating on the east side of the building with approximately 20,000 square feet. This side also includes a loft for extra storage, 3 loading docs, a large utility room/space, and multiple large, walk-in refrigeration and freezer containers. On the west side of the building, formerly known as "Freds" includes approximately 16,000 square feet, a former space used for a pharmacy, and a large open room. This building and property have great potential to become one of the top locations in a growing and developing downtown Cape Girardeau!

121 S Sprigg St RM

Seller's Disclosure Statement for Commercial_Industrial Property