2307 Del Prado BlvdCape Coral, FL 33990

Property Details for 2307 Del Prado Blvd

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.02 AC

Property size (Sq ft)

5,705 SF

Zone code

C1-D

Property type

Retail properties

Property subtype

Banks

APN

29-44-24-C4-05385.0100

APU

294424C4053850100

Description

This exceptional 1-acre retail property, located at 2307 Del Prado Blvd S in Cape Coral, Florida, presents a compelling redevelopment opportunity. The property boasts a 3,177 square foot building constructed in 1979, currently vacant, and offered at $1,800,000 ($566.57/sq ft). Situated on a high-traffic thoroughfare with 54,000 cars passing daily, this location benefits from excellent visibility and accessibility. The property's strategic placement near established national retailers such as Aldi and Esporta Fitness ensures high foot traffic and strong consumer presence. The surrounding area demonstrates significant demographic strength, with a population exceeding 192,898 within a 5-mile radius and an average household income of $104,951. This combination of high traffic counts, proximity to successful businesses, and a robust local demographic makes this a highly attractive investment opportunity for developers seeking a prime location in a thriving retail market. The property's single-story building and 1.02-acre lot size offer considerable flexibility for a variety of redevelopment projects. Lee County's zip code 33990 further underscores the property's location within a dynamic and growing community. This is a rare chance to acquire a strategically positioned property in Cape Coral's bustling retail district.

• CAP approach

  CAP return

  Valuation

  6%

  $2,224,564

  6.5%

  $2,053,444

  7%

  $1,906,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,884,084

  Geo Method

  $2,625,598

• Alternative Use

  Use

  Valuation

  Residential

  $1,732,157

  Hospitality

  $1,586,646

  Educational

  $1,320,071

  Medical

  $1,365,470

  Retail

  $2,053,444

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.609

Longitude

-81.9406

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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