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27303000
27303001

1601 NE 6TH TERRACE, cape coral, FL 33909

MO
Fl 3058500
Florida Brokers Real Estate
Listed by Florida Brokers Real Estate
$449,000
252 days on market
Updated 3 days ago
Opportunity zone

VACANT LAND W/APPR. PLANS FOR RETAIL PLAZA 10% Cap Rate

Details
Property Type Land, Retail
Sub Type Commercial, Shopping Center (+1)
Square Footage 23,367
Net Rentable (SqFt) 4,680
Units 8
Pro-Forma Cap Rate 9.37%
Pro-Forma NOI $163,800
Price per SqFt $35
Buildings 1
Stories 1
Lot Size (SqFt) 23,367
Zoning CC
Investment Type Redevelopment

Land | 23,367 SqFt

Marketing description


Prime Cape Coral Development Opportunity – Retail Plaza Site Rarely available, high-visibility commercial lot in Cape Coral with approved plans in place for a retail plaza. This is a chance to own one of the best sites in the area, ready for immediate development or modification to your needs. Highlights: Approved design: 5,088 sq ft plaza composed of 8 individual units / storefronts Minimum 18 dedicated parking spaces Plans still valid and can be adapted or expanded based on tenant mix or use Strategic, high-traffic location with excellent road exposure Ideal for retail, service, restaurant, office or mixed-use configuration Utilities, zoning, and site groundwork largely addressed Strong demand area for retail & service businesses Contact us today for full architectural plans, site data, traffic counts, and more. Spatial flexibility means you can customize to suit your vision and maximize returns. Plans attached

Investment highlights

Sqft Rent in this Area NNN: $ 35

Total Sqft: 5088

Annual Income NNN: $ 1780,800

Pre Forma: 10.18% Cap Rate

Ready to build

Listing Contacts

MO
Fl 3058500
Florida Brokers Real Estate
Listed by Florida Brokers Real Estate

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