1625 Cape Coral PkwyCape Coral, FL 33904

Property Details for 1625 Cape Coral Pkwy

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.65 AC

Property size (Sq ft)

8,416 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Strip malls

APN

07-45-24-C3-00066.0050

APU

074524C3000660050

Description

This exceptional Class A retail property, located at 1625 Cape Coral Pkwy E, Cape Coral, FL 33904, offers 10,594 square feet of space in a single, one-story building. Currently, 1,031 square feet is available for lease, ideal for a restaurant or similar use. The property boasts a prime location in a rapidly growing area, zoned for retail use. Recent renovations in 2022 ensure modern amenities and a high-quality environment for tenants and customers. The Cape Coral-Fort Myers area has experienced significant population growth, ranking among the nation's highest for percentage growth in recent years. This thriving shopping center provides a perfect opportunity for businesses seeking exposure in a dynamic and expanding market. The property's multiple tenancy structure offers a diverse and vibrant atmosphere. This is a unique chance to establish a presence in one of Florida's fastest-growing cities. The building's single-story design provides easy accessibility and ample parking for customers. The property's strategic location on Cape Coral Parkway East ensures high visibility and convenient access for shoppers. Don't miss this chance to secure a space in this thriving retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $3,281,671

  6.5%

  $3,029,235

  7%

  $2,812,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,254,592

  Geo Method

  $3,873,276

• Alternative Use

  Use

  Valuation

  Residential

  $2,555,273

  Hospitality

  $2,340,616

  Educational

  $1,947,365

  Medical

  $2,014,338

  Retail

  $3,029,235

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.563

Longitude

-81.9426

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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