MOUNT AUBURN 11.74 ACRES SOLD TO DEVELOPMENT GROUP!
One of Cape Girardeau’s larger west side
commercial development tracts has been recently sold
according to Tom Kelsey, President and commercial Broker
with Lorimont Place, Ltd., who handled the sale.
Kelsey said the 11.74 acres located at
Bloomfield Road and South Mount Auburn Road was purchased by
Mayson Investments, LLC, an investor group headed by father and
son businessmen, Jim and Jeff Maurer, also operators of the Cape
Girardeau based Rhodes 101 Convenience Store chain.
The developers have plans to construct a
Rhodes Convenience Store on a portion of the prime property.
Current development plans are to build an interior street
through the land that is bordered by South Mount Auburn Road on
the east, Bloomfield Road to the North and Interstate I-55 on
the west. The new
street will provide for several sites for additional businesses
in addition to the convenience store.
The nearly 12 acre tract development, to be
called Cape West Crossing will have interstate and Mount Auburn
Road frontage that will be attractive to a variety of businesses
including restaurants, hotels, retail and office users seeking a
high traffic and visibility location in Cape’s growing west
Kelsey said he is already working with
prospective buyers and tenants for possible locations in the
investment group is also exploring plans of constructing a
multi-story mixed use building to house both retail and office
Maurer’s are also development partners of the newly constructed
40,000 square foot Regent’s Parc building at 1610 N.
Kingshighway and see a similar concept on Cape’s west end also
Kelsey said the property was formerly owned
by Earl Norman.
Norman assembled a variety of land parcels over the years
including the recent purchase of the corner 2 acres at
Bloomfield and Mount Auburn. All of the existing structures were
razed within the last couple of years and significant site work
completed in 2007.
Norman also has land on the east side of Mount Auburn with
possible future development plans.