The property of former Sunny Hill Gardens & Florist, operated by Paul and Marilyn Schnare for 30 years at 206 N. Kingshighway in Cape Girardeau until its closure in the spring, has been sold for $1,065,000.
At presstime, no information is available on the buyer, represented by Edge Realty's Jacob Fish.
Lorimont Commercial's Tom Kelsey handled the transaction for the sellers.
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The former Sunny Hill business has 11,427-square-feet sitting on 1.6 acres.
On a related note, mortgage rates increased for the sixth straight week. According to Freddie Mac, formally known as Federal Home Loan Mortgage Corp., the average rate for a 30-year fixed mortgage rose to 6.7% — a rate not seen for 15 years in the U.S.
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