Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30446623
Property Subtypes: Street Retail
Building Size (RSF): 8,300 SF
Gross Building Area: See Agent
Sale Price: $1,050,000
Unit Price: $126.51 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.36%
Last Updated: 7/10/2019

Overview / Comments

This is the downtown CRA (Central Business District Area) of Cape Coral and is an area of restaurants and night clubs. Future land use in General Commercial. The district promotes redevelopment of the outer portions of the Downtown Community Redevelopment Area into a more compact and walkable form. Existing commercial and professional building will be supplemented with entertainment activities and a wide diversity of housing types to create a work/live/ shop/play district that enhances and respects the surrounding residential zones.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 184524C1000520250
Zoning: SOUTH CAPE DOWNTOWN DISTRICT (SC)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,056 62,590 172,286
Median Age: 52.2 50.45 48.8
Households: 4,582 28,571 77,943
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