Coldwell Banker Premier Group
130 N Main St
Cape Girardeau, MO 63701

Description

Iconic downtown Cape Girardeau income-producing building available for sale. This unique building has numerous possibilities for immediate income. The first floor is currently a busy general/convenience store with a regular customer base. Owner will consider leasing back the space, or the business could also be purchased. The second floor is a two bedroom, one bathroom loft-style residential unit that will lease for $1,400/mo beginning November. 1, at which point this potentially fully-leased building will be generating a 9.5% cap rate!

Details

MLS#18059920
Sub-TypeResale
StatusActive
Year0
Days On Site115

Features

SQ Feet3,082
Story(s)2
ZoningCBD

Market Activity 63701

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Area Information

StateMO
CountyCape Girardeau
CityCape Girardeau
Zip Code63701
Listing VS Median (in 63701)
Price:
$275,000
low | high
Med:
$89,900
100% of Average
SqFt:
3,082
low | high
Med:
504
100% of Average
$ / SqFt:
$89
low | high
Med:
$45
100% of Average
On Site:
115
low | high
Med:
102
100% of Average
Listing Updated: 11/14/2018
MLS Number: 18059920
Listing Provided By:
Chris Cole  of  Lorimont L.C.