Multifamily Property with Development
For Sale
$4,250,000
Pending
1036 NE Pine Island Rd, Cape Coral, FL 33909
Investment opportunity with significant upside and development potential.
Property Size4,000 SF
Lot Size2.85 Acres
Days on Market176
Property Features for 1036 NE Pine Island Rd
General Information
Standard status
Pending
Size
4,000 SF
Lot size
2.85 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$33,364
Building Details
Year Built
1983
Stories
1
Listing Agency:
Phil Deems Real Estate
(239) 822-1101
Listed By:
Phil Deems · License #312608
(239) 822-1101
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 30 at 10:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Phil Deems Real Estate
Investment Insights
Based on property information with market context.
This multifamily property presents an ideal investment opportunity with exceptional upside potential. Rents are currently below market rates, and the property exhibits minimal deferred maintenance. A significant asset is the 50,000 square foot outparcel, offering various opportunities for the buyer, including leasing, selling, or constructing various types of buildings. The buyer will need to negotiate a lease, rate, terms and conditions to keep the existing "FIRST CLASS AIR CONDITIONG" tenant in place prior to closing. They occupy approximately 4,000 square feet. The property benefits from direct access with a curb cut for eastbound traffic on Pine Island Road, providing convenient right-in and right-out access. This direct access is a rare and valuable benefit for tenants, deliveries, and customers.
Key Highlights
- Significant upside potential with below‑market rents.
- Large 50,000 sq. ft. outparcel offers leasing, sale, or development possibilities.
- Direct access with a curb cut providing convenient right‑in/right‑out from Pine Island Road.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Investment opportunity with significant upside and development potential.
Where is this apartment building located?
The property is located at 1036 NE Pine Island Rd Cape Coral, FL.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Significant upside potential with below‑market rents.; Large 50,000 sq. ft. outparcel offers leasing, sale, or development possibilities.; Direct access with a curb cut providing convenient right‑in/right‑out from Pine Island Road.
