10502 Stringfellow RdBokeelia, FL 33922

Property Details for 10502 Stringfellow Rd

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.87 AC

Property size (Sq ft)

3,057 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

28-44-22-01-0000A.0010

APU

284422010000A0010

Description

This exceptional 0.87-acre commercial land parcel in Bokeelia, Florida, presents a remarkable redevelopment opportunity. Located at 10502 Stringfellow Rd, Lee County, FL 33922 (APN: 28-44-22-01-0000A.0010), this property boasts a highly desirable C-1 zoning, allowing for a diverse range of commercial uses. The site features approximately 190 linear feet of frontage on Pine Island Road NW, providing excellent visibility and accessibility. Its prime location in the heart of Pine Island places it within walking distance of numerous retail shops and restaurants, ensuring high foot traffic and customer accessibility. This hard corner lot offers significant development potential, further enhanced by the availability of an adjacent 0.64-acre parcel (also C-1 zoned, with a future land use of Urban Community), creating a combined 1.51 acres for a larger-scale project. The assemblage opportunity allows for expansive development options. The property is conveniently located, with proximity to major amenities including Publix (0.5 miles), Winn-Dixie (0.7 miles), Matlacha (3.1 miles), Cape Coral Hospital (12 miles), US-41 (18 miles), I-75 (22.8 miles), and Southwest Florida International Airport (RSW) (32.6 miles). The asking price is $1,500,000. Build-to-suit options are also available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,192,023

  6.5%

  $1,100,329

  7%

  $1,021,734

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,545,424

  Geo Method

  $1,406,916

• Alternative Use

  Use

  Valuation

  Residential

  $928,169

  Hospitality

  $850,198

  Educational

  $707,355

  Medical

  $731,682

  Retail

  $1,100,329

Location Insight

City

Bokeelia

County

Lee

State

Florida

Latitude

26.6133

Longitude

-82.1175

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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