Spanish Street property being cleared for sale

Nip Kelley Equipment Co. has been clearing 3.5 acres in the 600 block of North Spanish Street — not far from Isle Casino Cape Girardeau — since early February. The property owner, Berkshire Hathaway Bridgeport Realtors, wants to sell the land, along with the tax credits assigned to the area, according to an agent with the real-estate business.

Nip Kelley also cleared three houses off the 3.5 acres owned by Berkshire Hathaway Bridgeport Realtors. The equipment company will be responsible for grading the land. Bridgeport Realtors owns a 1-acre plot east of the plot it is clearing.

The land being cleared is zoned for medium-density, multi-family residential, but the city would allow a commercial use in that area if the owner filed for a zoning change, Bridgeport Realtors agent Bob Herbst said.

Cape Girardeau city planner Ryan Shrimplin said the landowner would need to go through the regular rezoning process — first getting a new zoning designation approved through city staff and city council.

The land is in a tax-increment financing district, which means that extra tax revenue generated from the property could be applied toward the project if the project is approved by public officials. Herbst said Bridgeport Realtors has an option to purchase houses on the corner of Mill and North Spanish streets as well.

Trees and debris is cleared away near the intersection of N. Spanish and Park Drive in Cape Girardeau.Andrew J. Whitaker

Herbst said the land will be ready to sell soon.

“It will be ready at any time,” Herbst said.

bkleine@semissourian.com

(573) 388-3644

Pertinent address:

600 block of North Spanish Street, Cape Girardeau, Mo.