1036 NE Pine Island Rd Cape Coral, FL 33909

Building Details

Year Built

1983

Listing office Phil Deems Real Estate p***@gmail.com Show Phone

Listing date Mar 10, 2026

Source Elliman

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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.

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FAQs

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.