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

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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


Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
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