121 Sprigg StCape Girardeau, MO 63703

Property Details for 121 Sprigg St

Lot size

2.34 AC

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.

• Alternative Use

  Use

  Valuation

  Residential

  $26,645,668

  Hospitality

  $24,407,288

  Educational

  $20,306,578

  Medical

  $21,004,952

  Retail

  $31,588,010

Location Insight

City

Cape Girardeau

County

Cape Girardeau

State

Missouri

Latitude

37.302

Longitude

-89.5278

CBSA code

16020

CBSA name

CAPE GIRARDEAU-JACKSON, MO-IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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