1481 Pne Is Rd. Cpe Cape Coral, FL 33991
- Retail properties
- 20,000 SF
- 2.81 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1481 Pne Is Rd. Cpe
- Lot size
- 2.81 lot acres
- Property size
- 20,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 20,000-square-foot storefront, located at 1481 Pine Island Rd in Cape Coral, Florida (zip code 33991), presents a lucrative investment opportunity. Priced at $6,500,000 ($325/sq ft), this property boasts a substantial 6.46% cap rate and a net operating income (NOI) of $420,000. Situated on a 2.81-acre lot, the property offers 90 parking spaces, ensuring ample convenience for customers. The building is currently occupied by a Goodwill store, a strong regional brand with over $50 million in annual revenue and consistent growth. This location benefits from its prime position on the highly sought-after Pine Island Road retail corridor, providing excellent visibility and frontage. The surrounding area is experiencing significant retail development, with recent additions including a 76 gas station, USPS, Take 5 Oil Change, Aldi, ABC Liquor, and a 55,000 square-foot Farmer Joe's grocery store. The tenant's financial transparency is readily available for review on Guidestar.org. This property represents a compelling investment in a thriving retail market. Lee County location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.0042
- Latitude
- 26.6403
