Cape Coral downtown CRA building for sale

Office for Sale
Catylist Listing ID: 30823967
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 4,784 SF
Gross Building Area: See Agent
Gross Land Area: 7,000 SF
Sale Price: $1,290,000
Unit Price: $269.65 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

Rare find, 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.
The roof will be replaced or buyer will be given a credit. The AC units will be in working order. The interior of the property was cleaned up and it is currently just stud partitions. The property is being sold "AS IS". Buyer will be able to build out property to 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.

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

Contact

Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
SWFLCA Member
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