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 side.  

Kelsey said he is already working with prospective buyers and tenants for possible locations in the development.  The investment group is also exploring plans of constructing a multi-story mixed use building to house both retail and office tenants.  The 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 being successful.

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.