201-301 S Broadview Street, Cape Girardeau, MO 63703
sale
$4,950,000
|
Other
Courtesy Of Lorimont Commercial Real Estate
18 ACRES. ESTABLISHED RETAIL. SIGNIFICANT UPSIDE. A unique opportunity to acquire a large, centrally located retail property in Cape Girardeau. Located at 201-301 S Broadview Street, this approximately 18-acre property is surrounded by established shopping, restaurants, offices, and retail and offers a combination of existing income and substantial upside potential. Nearly all of the existing leasable space is leased or near lease-up, providing an established income stream for a new owner. The property's primary vacancy is the former Trees and Trends space, an approximately 45,000-square-foot anchor with abundant parking and two loading docks. The space provides an opportunity to attract one large tenant or potentially divide the space to accommodate multiple users. Beyond the existing buildings and income, the property offers several additional avenues for growth. A new owner could explore the potential sale of an outlot, development of additional retail space in the gap between existing buildings, and lease-up of the large vacant anchor. With its central location, substantial acreage, existing tenant base, abundant parking, and multiple paths to increase revenue and property value, this is a unique opportunity for an investor or owner-operator looking for both current income and future potential. Opportunities of this size and location in Cape Girardeau are rarely available.
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Property Features
- MLSID: 26065038
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