General Information

1. The City of Cape Coral has just confirmed that the Development Order went in on the surrounding property

2. This much larger surrounding property just closed in November at $15.50 psf BEFORE the Development Order went in, making it much more valuable. 

3. As a result, a smaller outparcel like this should go for $25 to $30 psf

4. Priced for a quick close at $19 psf   Price offered will go to $30 psf when owner breaks ground on surrounding piece this year

5. Approximately 11,250 sq ft

6. Fastest growing section of the fastest growing area of the country. The Pine Island Road Corridor is rapidly becoming the center of Cape Coral and the heart of its commercial district.

7. Zoning - Corridor - Most flexible of the commercial friendly Pine Island Corridor Zoning. Allows for car dealers, and most commercial uses.

8. Location - 518 SW 2nd Street, Cape Coral, FL 33991

9. Strap #: 14-44-23-C1-01942.0160

10. Frontage is ON Nicholas Parkway - Approximately 120'

11. Property is a few feet from the major signalized intersection of Pine Island Road and Nicholas Parkway

12. Surrounding larger property closed at $15.50 psf on 11/23/2016

13. Left in/out, Right in/out

14. Traffic Counts

    • Pine Island Road: 35,000 AADT

    • Nicholas Parkway: 11,000 AADT

15. Catalyst # 30144752
16. Loopnet  http://www.loopnet.com/lid/20422973