Versatile Commercial Building on 1.9 Acres

1429 N Mount Auburn Road, Cape Girardeau, MO 63701

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For Sale

$2,900,000

All-brick commercial building with abundant parking and multiple use opportunities.

Type:Commercial/Industrial

Property size:

13,458 SF

Lot size:

1.87 Acres

Price / SF:

$215/SF

HighLights

Versatile commercial building suitable for multiple uses
Potential for dual income stream: owner‑occupy main level and lease lower level
Abundant parking with 70+ spaces and a large front entry canopy
Well‑maintained building with recent updates including remodeled interior
Equipped with a 2,000 lb capacity elevator
Located in a high‑traffic area in the heart of Southeast Missouri

We can help!

Listing Contact

Rebecca Harding

For Sale

$2,900,000

All-brick commercial building with abundant parking and multiple use opportunities.

Type:Commercial/Industrial

Property size:

13,458 SF

Lot size:

1.87 Acres

Price / SF:

$215/SF

Added:: Dec 7, 2024
Days on Market:: 552
Last Refresh:: May 20 at 1:00 am

Property Features for 1429 N Mount Auburn Road

General Information

Standard status: Active
Size: 13,458 SF
Lot size: 1.87 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1993

We can help!

Listing Contact

Rebecca Harding

Listing agent Rebecca Harding License #2008008449

Listing office Area Properties Real Estate-River Region

Listing date Dec 7, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Area Properties Real Estate-River Region

HighLights

Versatile commercial building suitable for multiple uses
Potential for dual income stream: owner‑occupy main level and lease lower level
Abundant parking with 70+ spaces and a large front entry canopy
Well‑maintained building with recent updates including remodeled interior
Equipped with a 2,000 lb capacity elevator
Located in a high‑traffic area in the heart of Southeast Missouri

Overview

This all-brick commercial building is situated on 1.9 acres and features abundant parking with over 70 spaces, along with a large front entry canopy. The versatile property offers opportunities for multiple uses, including its current use as an AAAHC certified surgery center. The main level could be owner-occupied, while the lower level, comprising 2,614 square feet and featuring its own outside entrance and parking, could be leased to generate additional income. The interior was remodeled in 2004, and the roof was replaced within the last 10 years. The east side of the building resembles a typical medical office, with a front waiting area, reception area, more than 5 medical exam rooms, and more than 5 offices suitable for doctors and consultation, as well as a small lab area and nurses' station. The surgical side of the building includes a large waiting area, consultation area, 4-bay pre-op areas, 2 surgical rooms, 4 post-op bays, and a central nurses' station. The building is equipped with a 2,000 lb capacity elevator. Located in the heart of Southeast Missouri, this property is positioned in a high-traffic area. The property size is 13,458 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$310.1k	$23.04
− Vacancy	−$64.1k	−$4.76
EGI	$246.0k	$18.28
− OpEx	−$61.5k	−$4.57
NOI	$184.5k	$13.71

13,458 SF · lease $23.04/SF/yr · vacancy 20.67% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.64M

$2.31M – $3.07M (±1% cap)

NOI $184,485 @ 7.0% cap · market cap 6.36%

Second Best

Healthcare Medical

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,592 @ 7.0% cap · market cap 4.88%

Theoretical Best

Office A

$4.25M

$3.72M – $4.95M (±1% cap)

NOI $297,201 @ 7.0% cap · market cap 10.25%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Dr. Jeffrey S. ... Physician Cape Girardeau - MO Medical Clinic Dr. Matthew J. ... Physician Dr. Horace L. ... Physician Dr. Dean A. Edwards, ... Physician

Suggested Use

Location Insight

Map
Local Demand

City: Cape Girardeau
County: Cape Girardeau
State: Missouri
Longitude: -89.5732
Latitude: 37.3296

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For sale
Medical centers
MO
Cape Girardeau
63701
1429 N Mount Auburn Road

What type of property is this?

Medical center - All-brick commercial building with abundant parking and multiple use opportunities.

Where is this medical center located?

The property is located at 1429 N Mount Auburn Road Cape Girardeau, MO.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Versatile commercial building suitable for multiple uses; Potential for dual income stream: owner‑occupy main level and lease lower level; Abundant parking with 70+ spaces and a large front entry canopy