Outparcel - Site Work Completed

Vacant Land for Sale
Catylist Listing ID: 30269394
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 1.59 Acres
Sale Price: $795,000
Unit Price: $500,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

This 1.59 acre outparcel is in a fully developed commercial center, the Shops at Cape Crossing with 880 ft of frontage on Pine Island Road (Florida State Route 78). The site work is completed including all utilities to each parcel, direct access to Pine Island Rd and Ceitus Terrace, lighted parking lots and mature landscaping. The zoning for these parcels (Pine Island Road Corridor Zone) provides high traffic commercial use including restaurants, hotel, retail, professional offices, and self-storage. The site work was completed at a cost of $6 per square foot, which puts the raw land value below the current market.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 15-44-23-C3-11000.0040
Zoning: CORR
Property Located Between: Skyline and SW 12th Ave
Property Visibility: Excellent
Feet of Frontage: 880
Traffic/Vehicle Count: 35,000
Highway Access: Direct Access to Pine Island Rd (SR 78)
Site Description: Developed Shopping Center with out-parcels available for retail, office, or other commercial use. Direct access off of 4 lane Pine Island Rd. (FL State Route 78).
Area Description: Located close to Carrabba's Italian Grill, Bonefish Grill, Hurricane Wings, Sonny's Bar-B-Que, Kohl's, Wal-Mart Neighborhood Market, Bob Evans
Zoning Description: CORR - Pine Island Rd Corridor Commercial Zoning
Development Name: Shops at Cape Crossing
Topography: Level
Easements: Ingress/Egress, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,708 54,576 129,680
Median Age: 39.19 38.42 41.35
Households: 1,724 19,866 49,727


Photograph of Listing Agent

Bruce S. Preble

Commercial Realty Specialists LLC
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