918 46Th LnCape Coral, FL 33904

Property Details for 918 46Th Ln

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

5,625 SF

Zone code

SC

Property type

Office buildings

APN

07-45-24-C4-00356.0030

APU

074524C4003560030

Description

This exceptional investment opportunity in Cape Coral, Florida, presents a portfolio encompassing a 5,625-square-foot vacant office building and an adjacent land parcel. The single-story Class B office building sits on 0.69 acres and is currently vacant, offering immediate occupancy for an owner-user. The property's strategic location in downtown Cape Coral ensures high visibility and accessibility, benefiting from proximity to a city-maintained parking lot and excellent transportation links. The building's zoning is SC. The included land parcel offers significant development potential, zoned for a variety of uses and situated near Founders Park, a high-traffic area within a growing demographic. This combined offering presents a unique chance to acquire a prime commercial property in a thriving downtown location with robust infrastructure and growth potential. The asking price for this entire portfolio is $1,570,000, translating to $279.11 per square foot. The property is located at 918 SE 46th Ln, and includes additional parcels at 4630 SE 10th Pl and 4634 SE 10th Pl, all in Cape Coral, FL 33904. This is a for-sale-by-owner opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,492,088

  6.5%

  $1,377,312

  7%

  $1,278,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,128,429

  Geo Method

  $1,027,294

• Alternative Use

  Use

  Valuation

  Residential

  $1,707,867

  Hospitality

  $1,564,397

  Educational

  $1,301,560

  Medical

  $1,346,323

  Retail

  $2,024,649

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.5653

Longitude

-81.9532

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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