Developed Shopping Center - All Site Work Done

Vacant Land for Sale
Catylist Listing ID: 30275951
Property Subtypes: Hospitality, Office, Retail, Retail-Pad
Gross Land Area: 6.94 Acres
Sale Price: $3,750,000
Unit Price: $540,345 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/19/2018

Overview / Comments

This property includes four contiguous out-parcels and commercial lots totaling 6.94 acres with 880 ft of frontage on Pine Island Road (Florida State Route 78). These parcels are in a fully developed commercial center, the Shops at Cape Crossing, with all utilities to each lot, 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-C3-11000.0020; 15-44-23-C3-11000.0030;15-44-23-C3-11000.0040; 15-44-23-C3-11000.0050
Zoning: CORR
Property Located Between: Skyline and SW 12th Ave
Largest Nearby Street: Pine Island Rd (SR 78)
Feet of Frontage: 880
Traffic/Vehicle Count: 45,000
Highway Access: Property has a right-in/right-out access to SR 78
Area Description: High traffic retail business district with national brand name restaurants and retailers including for example Bonefish, Carrabba's, Kohl's, Walmart Neighborhood Store, Sam's Club, Culver's, etc.
Zoning Description: CORR - Pine Island Rd Corridor Zoning for multiple retail and office. See zoning ordinance pdf attached to this listing
Development Name: Shops at Cape Crossing
Topography: Level
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Bruce S. Preble

Commercial Realty Specialists LLC
SWFLCA Member
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