525/531 Chiquita Blvd S Cape Coral, FL 33991

Property Details for 525/531 Chiquita Blvd S

Lot size

1.95 lot acres

Property type

Commercial real estate

APN

15-44-23-C4-03662.0010

Description

This exceptional 1.95-acre commercial land parcel in Cape Coral, Florida, presents a unique investment opportunity. Located at 525 Chiquita Blvd S, Lee County, 33991 (APN: 15-44-23-C4-03662.0010), this property boasts Commercial Corridor (CORR) zoning, allowing for diverse uses. The site is strategically positioned northeast of Pine Island Road (SR 78) and Chiquita Parkway, benefiting from its proximity to a rapidly developing area. Pre-approved plans by Avalon Engineering are in place for two flex warehouse buildings, ready for immediate construction. Building A encompasses 11,976 square feet with eight rentable units, while Building B offers 10,487 square feet with seven rentable units. Unit sizes are consistent, with four 1521 sq ft units and eleven 1489 sq ft units. The future land use designation is Pine Island Road District, reflecting the area's significant growth potential. Pine Island Road serves as a major east-west arterial, supporting the property's accessibility. The area's robust growth is underscored by over 3500 approved multifamily units and numerous large-scale commercial developments currently underway. Seller financing is available with a $500,000 down payment, 9% interest-only payments, and a balloon payment due in 3-5 years. This presents a compelling opportunity to capitalize on Cape Coral's impressive economic growth, ranked #8 largest city in Florida by Moody's Analytics, and recognized by Forbes as a top location for job growth and housing investment.

Location Insight

City

Cape Coral

County

Lee

State

Florida

Longitude

-82.006834

Latitude

26.641514