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1.6 Acres Lot
$ 250,000
Est. payment | /mo
1.6 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
MLS Listing ID 23052498
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions 1.6 acres
Property Description
Want to build apartment buildings? Here is your spot! 1.6 acre lot on the corner of Boutin and Cape LaCroix Road. Zoned R-4 Medium Density Multifamily. With tree lined privacy on the backside, road frontage on both Cape LaCroix Road and Boutin and enough space for required parking spots. Great location right on the edge of town but still in city limits for city utilities. Sellers preliminary plans included 18 units on the property. Maximum density for the city on this size lot zoned at R-4 would be approximately 27 units allowed, along with other development requirements. See Associated Documents for more information and sketches.
Location
State MO
County Cape Girardeau
Zoning R-4
Interior
Fireplace N
Exterior
Utilities Available Other
Building
Lot Description Backs to Trees/Woods, Creek
Sewer Public Sewer
Water Public
Schools
Elementary Schools Clippard Elem.
Middle Schools Central Jr. High
High Schools Central High
School District Cape Girardeau 63
Others
Ownership Private
Acceptable Financing Cash Only, Conventional
Listing Terms Cash Only, Conventional
Special Listing Condition None
Listed by Raelenna Ferguson • EPM Real Estate