1119 Pine Island RdCape Coral, FL 33991

Property Details for 1119 Pine Island Rd

Year built

2017

Lot size

1.05 AC

Property size (Sq ft)

45,534 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

15-44-23-C3-11000.0050

APU

154423C3110000050

Description

The Shops at Cape Crossing presents a unique opportunity for businesses seeking prime retail space in Lee County, Florida. This exciting new development, slated for completion in Q2 2025, offers a combined ±6,000 square feet of space currently available for lease or sale. The property comprises two lots, Lot 3 and Lot 5, each encompassing 1.04 acres of land. This provides ample space for a variety of commercial uses. The development boasts a highly desirable location with prime frontage on Pine Island Road, ensuring excellent visibility and accessibility. In addition to direct access from Pine Island Road, the property also offers full access via Ceitus Terrace, providing convenient ingress and egress for customers and employees. The flexible zoning allows for a wide range of commercial uses, including retail, medical offices, fast food establishments, automotive businesses, general office space, and restaurants. This makes it an ideal location for a diverse range of businesses seeking to establish a presence in a thriving area. With its strategic location, ample space, and flexible zoning, the Shops at Cape Crossing represents a compelling investment opportunity. The total building square footage will be ±6,000 SF, all of which is currently vacant and ready for immediate occupancy upon completion.

• CAP approach

  CAP return

  Valuation

  6%

  $17,755,182

  6.5%

  $16,389,400

  7%

  $15,218,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,019,084

  Geo Method

  $20,956,004

• Alternative Use

  Use

  Valuation

  Residential

  $13,825,072

  Hospitality

  $12,663,691

  Educational

  $10,536,043

  Medical

  $10,898,393

  Retail

  $16,389,400

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6432

Longitude

-81.9962

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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