CVS/pharmacy is close to finalizing a land deal that would enable it to build a store Hannibal.

CVS/pharmacy is close to finalizing a land deal that would enable it to build a store Hannibal.

According to multiple sources, the company wants to open a store at the northwest corner of West Ely Road and U.S. 61 in Hannibal. The Mark Twain Motor Inn currently occupies the site.

Michael J. DeAngelis, a public relations director with CVS/pharmacy, declined comment on the matter Thursday.

"We have not closed on any property in Hannibal," wrote DeAngelis in an e-mail. "We only comment on or confirm new store locations if there is a signed agreement for a site."

According to a source with knowledge of the negotiations, terms of an agreement have been agreed to, but have not yet been finalized.

Residents at the Mark Twain Motor Inn were notified by letter recently that they would need to relocate.

According to Tina Bartz, management assistant in the Public Works Department, reports that Building Inspector Joey Burnham already has the site plans in his hands. However, neither demolition or building permits have been secured by the company.

Burnham said late Thursday afternoon that his office, the Fire Department and City Engineer Mark Rees have all approved the site plans.

The building, which will feature a drive through, will be approximately 13,500 square feet.

The architect for the project is NORR Architects Planners. The consultant is Carlson Consulting Engineers, Inc. The developer is Orange Development.

"It was a pleasure working with the developer," said Rees. "Their facilities will enhance the Highway 61 corridor."

Rees reports he first heard from CVS/pharmacy about the property its buying over a year ago.

"This was not the first time I'd fielded questions about that site," he said, estimating he initially heard interest expressed almost five years ago.

CVS, which stands for Consumer Value Stores, opened its first retail store in Lowell, Mass., in 1963. The 7,000th CVS/pharmacy opened in 2009.

The closest CVS/pharmacy is currently in Quincy, Ill.