$900,000

About This Property

Reduced, offers wanted on this 4,784 SF building in Cape Coral's downtown CRA district. Multiple purchase options. For an end user its an excellent opportunity to locate your business in Cape Coral's vibrant downtown. An end user could occupy the whole property or rent out one or two units. For an investor this is a rare opportunity to have 3 rental units downtown. Great location for retail, office, or restaurant users. Property had storm damage from Hurricane Ian and is being sold "AS IS" but seller is putting a new roof on the property and all AC units will be in working order. The interior of the building has been cleaned up and the seller is leaving the interior of the property unfinished so the new owner can build out to meet their needs. Currently the only interior improvements are the interior stud walls as they were laid out for the previous single tenant occupant. The property was originally laid out so it could be 3 separate units so an owner occupant could occupy one or two units and rent out the others. There are two rest rooms and we believe that a third restroom was stubbed out but this would need to be verified. The property has a driveway cut on 47TH Terrace and public parking is available in the Big Johns lot across the street.The property also has alley access to the rear.

infoProperty Details

Property Type

Office: Office Building,Office: RnD,Retail-Commercial: Free Standing Building,Retail-Commercial: Other,Retail-Commercial: Restaurant,Retail-Commercial: Street Retail

Year Built

1974

Lot Size

0.16 acres

Days on Market

195

Cumulative DOM

225

List Date

Nov 8, 2022

Sold Date

Jun 29, 2023

Annual Taxes

$8K (2021)

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Professional Realty

239-772-1010