122 Chiquita Blvd Cape Coral, FL 33991
This exceptional Class A, 10,400 square foot medical and retail office complex is situated on a 0.92-acre lot in Cape Coral, Florida, at 122 Chiquita Blvd S, zip code 33991. The property, built in 2023, features ten individual units, offering flexibility for various medical or retail tenants. The building boasts high-quality concrete construction, including a concrete roof and impact windows, designed for energy efficiency and resilience against extreme weather. A state-of-the-art ESFR sprinkler system enhances safety. Ample parking is provided with 52 spaces, including two handicap-accessible spots. The property is conveniently located along the rapidly developing Pine Island Corridor, a 2,400-acre area experiencing significant growth in residential, mixed-use, and commercial development. This strategic location ensures high visibility and accessibility for tenants. The property is zoned C-3, offering versatility for a range of commercial uses. City water and sewer services are available. The asking price is $5,200,000, and the lease type is NNN. The property is currently vacant, presenting a unique opportunity for pre-leasing and build-out negotiations. The building is not located in a flood zone. This investment is ideal for owner-users seeking a high-quality, strategically located property in one of America's fastest-growing neighborhoods, projected to grow 66.2% by 2060. Irrigation is included on the .92 acre lot. The APN is 16-44-23-C2-03680.0330.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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