Cape Coral downtown CRA building for sale
Office
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30823967 |
| Property Subtypes: |
Medical, Mixed Use, Office Building, Other
|
| Building Size (RSF): |
4,784 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
7,000 SF
|
| Sale Price: |
$1,196,000 |
| Unit Price: |
$250 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/16/2023 |
Overview / Comments
|
Asking price just reduced! Rare find,a vacant 4,784 SF building located in the vibrant downtown CRA district of Cape Coral. Many possible uses for this building including but not limited to office, retail, restaurant, mixed use. The building was damaged in Hurricane Ian and the roof is being replaced and the AC units will be in working order. The interior of the property was cleaned up and it is currently just shell space with stud partitions from the previous office user. The property is being sold "AS IS". The Buyer will be able to build out property to meet their specifications. The building was being used as a single tenant office but can be utilized as 3 individual units. There are currently 2 rest rooms but owner believes that 3 RD restroom has been stubbed out. The property is across the street with access to the Big Johns public parking lot and also has alley access. Many possible end uses. Great for single tenant end user or owner occupant to rent out one or two units or for an investor to have 3 possible rental units.
|
Additional Details
| Nearest MSA: |
Cape Coral-Fort Myers |
| County: |
Lee |
| Tax ID/APN: |
074524C3003600450 |
| Zoning: |
SC |
| Property Visibility: |
Excellent |
| Site Description: |
47TH Terrace frontage with alley access
driveway cut on 47TH Terrace
Alley access |
| Area Description: |
Downtown entertainment area
CRA District
|
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1974 |
| Parking Type: |
Surface |
| Parking Description: |
Parking in front of building on 47TH Terrace
Public parking across the street in Big Johns public parking lot. |
| Zoning Description: |
SC - South Cape |
| In Flood Plain?: |
Yes |
| Lot Frontage: |
50 |
| Lot Depth: |
140 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,807 |
62,344 |
179,837 |
| Median Age: |
54.63 |
51.71 |
48.35 |
| Households: |
4,598 |
29,232 |
80,918 |
|
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