$2,495,000

1111 SW Pine Island Road

CAPE CORAL FL, 33991

Description

This Property portfolio includes four contiguous out Parcels and Commercial lots totaling 6.94 acres with 880' of frontage on Pine Island Road (Florida State Rt 78). These parcels are in a fully developed commercial center, The Shops at Cape Crossing. All utilities set at each lot, lighted parking spaces, mature landscaping with entrances to Pine Island Road in the front and Ceitus Terrace in the back. The site work was completed at a cost of $6.00 a sq ft which puts the raw land value at way below the current market. The zoning for these parcels is The Pine Island Road Corridor, with high traffic commercial use including restaurants, hotel, retail, professional offices, self storage etc. This location, in the center of Cape Coral, is within a 15 minute drive of a 181,096 population with an average house income of $71,900. Rare Opportunity.

Details

MLS#220029439
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site203

Features

Acreage6.94
Property ViewYes

Market Activity 33991

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Area Information
StateFL
CountyLee
CityCAPE CORAL
Zip Code33991
AreaCC41 - Cape Coral Unit 37-43,48,49
Community NameCAPE CORAL
Listing VS Median (in CAPE CORAL)
Price:
$2,495,000
low | high
Med:
$45,000
100% of Average
On Site:
203
low | high
Med:
610
33.27868852459% of Average
Listing Updated: November 25, 2020 3:02:57 PM PST
Robert Peterson LogoMLS Number: 220029439
Listing Provided By:
Robert Peterson  of  Island Harbor Realty Inc

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