1106 Cape Coral PkwyCape Coral, FL 33904

Property Details for 1106 Cape Coral Pkwy

Year built

1966

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

1,350 SF

Zone code

SC

Property type

Retail properties

Property subtype

Retail space

APN

18-45-24-C1-000R0.0010

APU

184524C1000R00010

Description

This exceptional 1,352 square foot storefront retail property, situated on a 0.4-acre lot, presents a compelling investment opportunity in the heart of Cape Coral, Florida. Located at 1106 Cape Coral Pkwy E, this single-story building benefits from its position at the southwest corner of Cape Coral Pkwy E and Vincennes Blvd, ensuring high visibility and excellent accessibility for customers. The property is zoned SC (South Cape Downtown District), allowing for a variety of commercial uses. The asking price is $995,000, translating to $735.95 per square foot. This prime location is part of a high-density retail corridor and is conveniently located within a grocery-anchored plaza, guaranteeing significant foot traffic and exposure. The property's strategic placement offers unparalleled visibility and accessibility, making it an ideal location for a variety of retail businesses. The ample lot size provides additional opportunities for expansion or outdoor seating, further enhancing its appeal. This is a rare opportunity to acquire a well-positioned retail property in a thriving downtown area with strong potential for growth and return on investment. The property is located in Lee County, Florida, zip code 33904.

• CAP approach

  CAP return

  Valuation

  6%

  $526,409

  6.5%

  $485,916

  7%

  $451,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $682,474

  Geo Method

  $621,307

• Alternative Use

  Use

  Valuation

  Residential

  $409,888

  Hospitality

  $375,455

  Educational

  $312,374

  Medical

  $323,117

  Retail

  $485,916

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.5623

Longitude

-81.9508

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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