1119 Pne Is Rd Cape Coral, FL 33991
- Parking lots & garages
- 45,534 SF
- 1.05 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 1119 Pne Is Rd
- Year built
- 2017
- Lot size
- 1.05 lot acres
- Property size
- 45,534 SF
- Property type
- Parking lots & garages
- APN
- 15-44-23-C3-11000.0050
- APU
- 154423C3110000050
Description
The Shops at Cape Crossing presents a unique opportunity for businesses seeking prime retail space in Lee County, Florida. This exciting new development, slated for completion in Q2 2025, offers a combined ±6,000 square feet of space currently available for lease or sale. The property comprises two lots, Lot 3 and Lot 5, each encompassing 1.04 acres of land. This provides ample space for a variety of commercial uses. The development boasts a highly desirable location with prime frontage on Pine Island Road, ensuring excellent visibility and accessibility. In addition to direct access from Pine Island Road, the property also offers full access via Ceitus Terrace, providing convenient ingress and egress for customers and employees. The flexible zoning allows for a wide range of commercial uses, including retail, medical offices, fast food establishments, automotive businesses, general office space, and restaurants. This makes it an ideal location for a diverse range of businesses seeking to establish a presence in a thriving area. With its strategic location, ample space, and flexible zoning, the Shops at Cape Crossing represents a compelling investment opportunity. The total building square footage will be ±6,000 SF, all of which is currently vacant and ready for immediate occupancy upon completion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $915,000
- 6.5%
- $1,030,000
- 7%
- $915,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $920,000
- Geo Method
- $905,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,115,000
- Retail
- $1,095,000
- Mixed-Use
- $1,090,000
- Hospitality
- $850,000
- Educational
- $825,000
- Residential Income
- $1,070,000
- Energy
- $1,140,000
- Income-Based Land
- $1,075,000
- Food Service
- $815,000
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.9962
- Latitude
- 26.6432
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
