1809 10Th TerCape Coral, FL 33909

Property Details for 1809 10Th Ter

Lot size

1.10 AC

Zone code

CC

Property type

Commercial land

APN

05-44-24-C4-03545.0430

APU

054424C4035450430

Description

This exceptional Cape Coral, Florida development opportunity, located at 1809 NE 10th Terrace, Lee County, offers a fully entitled, shovel-ready project. The 1.93-acre site is zoned for commercial use and features four existing buildings totaling 1,004 square feet. Each of the single-story units boasts 1,003 square feet, ideal for luxury automotive storage, RVs, or boats. High-end features include impact-resistant windows and doors, electric roll-up garage doors, ADA-compliant bathrooms, optional mezzanine living areas, advanced fire safety systems, and comprehensive security. The property's 18-foot ceilings add to its appeal. The asking price is $995,950, with a price per square foot of $991.98. High demand for luxury automotive storage in this vibrant community makes this a compelling investment. All necessary entitlements are in place, allowing for immediate development commencement. The property's current lease expires November 19, 2024, leaving a remaining lease term of approximately 0.5 years. This is a rare opportunity to capitalize on the strong market demand for premium storage solutions in Cape Coral. The property is classified as Class A commercial land.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $26,198,300

  Retail / Commercial

  $13,444,500

  Mixed-Use / Specialty

  $13,404,500

  Hospitality / Lodging

  $9,844,840

  Office

  $13,333,200

  Institutional / Educational

  $13,938,100

  Residential Income

  $16,307,600

  Multifamily

  $19,514,300

  Automotive / Energy

  $11,947,000

  Parking / Income-Based Land

  $4,114,880

  Restaurant / Food Service

  $6,988,810

  Healthcare / Senior Housing

  $13,737,900

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6734

Longitude

-81.9352

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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