121 Sprigg St Cape Girardeau, MO 63703-6213

Property Details for 121 Sprigg St

Lot size

2.34 lot acres

Property type

Commercial land

APN

211060033001000000

APU

211060033001000000

Description

This 35,782 square foot retail center, located at 121 S Sprigg St in Cape Girardeau, MO 63703, presents a compelling investment opportunity. Currently vacant, this property offers significant value-add potential through lease-up of the existing space. Built in 1990, the property sits on a 2.34-acre corner lot, providing ample parking and high visibility. The asking price is $1,973,460 ($55.15/sq ft), well below replacement cost, offering a strong basis for appreciation. The property's location in a thriving area, near established businesses such as Dollar General, CVS Pharmacy, Dollar Tree, AutoZone, Tractor Supply, and Kroger, ensures high foot traffic potential. The large lot size allows for potential redevelopment or expansion, further enhancing long-term value. This mixed-use property, previously a Save-A-Lot grocery store, is ideal for owner-users or investors seeking a significant return on investment. The property's multi-tenant capacity and strategic location make it an attractive proposition for a variety of retail uses. This is a rare opportunity to acquire a substantial retail property in a desirable location at a significantly discounted price.