This exceptional commercial property presents a rare opportunity to develop a landmark project in the heart of Cape Girardeau, Missouri. Located at 220 N Main Street, this expansive 266' x 134' lot boasts stunning riverfront views and a rich historical context. The asking price is $1,200,000. Its prime downtown location offers unparalleled visibility and accessibility, making it ideal for a diverse range of commercial ventures. Envision a boutique hotel capitalizing on the picturesque river views, a modern multi-level parking garage addressing the city's parking needs, or a vibrant mixed-use development incorporating retail and office spaces. The possibilities are vast, catering to the growing demand for commercial space in this thriving Missouri city. The property's size and location provide ample space for a substantial development, allowing for creative architectural designs and significant return on investment. This is a unique chance to contribute to the ongoing revitalization of downtown Cape Girardeau while securing a valuable asset in a desirable location. The property is zoned for commercial use and is ready for immediate development. Don't miss this exceptional opportunity to acquire a piece of Cape Girardeau's vibrant downtown. The property is situated in Cape Girardeau County, Missouri, with a zip code of 63701.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$9,311,319
Hospitality
$8,529,118
Educational
$7,096,126
Medical
$7,340,173
Retail
$11,038,419
Location Insight
City
Cape Girardeau
County
Cape Girardeau
State
Missouri
Latitude
37.3069
Longitude
-89.5178
CBSA code
16020
CBSA name
CAPE GIRARDEAU-JACKSON, MO-IL MICROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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