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$ 4,950,000
Est. payment /mo
New
201-301 S Broadview ST Cape Girardeau, MO 63703
18.23 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26065038
Annual Tax Amount $21,999
Lot Size 18.230 Acres
Acres 18.23
Property Description
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.
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.
Location
State MO
County Cape Girardeau
Interior
Fireplace N
Exterior
View Y/N No
Building
Structure Type Other
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Listed by Matthew Huber • Lorimont L.C.