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3121 Pine Island Rd - 0.33± Acre Outparcel on Pine Island Road 0.33 Acres of Commercial Land Offered at $295,000 in Cape Coral, FL 33909
INVESTMENT HIGHLIGHTS
- Prime location within Merchant’s Crossing Shopping Center with high visibility on Pine Island Road near US 41
- Access via reverse frontage road
- Chase purchased the outparcel next to the subject for $50± PSF in 2/2024
- AG-2 zoning with Central Urban future land use, allowing for potential commercial or mixed-use development
- High-growth area with 139,000+ residents, a strong workforce, and expanding demand
EXECUTIVE SUMMARY
This 0.33-acre outparcel is strategically positioned within Merchant’s Crossing Shopping Center. Located between Popeyes and a new Chase Bank branch just off the hard corner of Pine Island Road and US 41. Currently zoned AG-2, the property falls within the Central Urban future land use designation, which supports commercial and mixed-use development. The seller will consider an offer subject to zoning approval. The area is experiencing significant apartment growth, with 283 units recently completed at The Alary at Merchant’s Crossing and an additional 723 units under construction within 2 miles.
PROPERTY FACTS
| Price | $295,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.33 AC |
| Property Type | Land | ||
| Zoning | AG-2 - Central Urban future land use designation | ||
| Price | $295,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.33 AC |
| Zoning | AG-2 - Central Urban future land use designation |
1 LOT AVAILABLE
Lot
| Price | $295,000 | Lot Size | 0.33 AC |
| Price Per AC | $893,939.39 |
| Price | $295,000 |
| Price Per AC | $893,939.39 |
| Lot Size | 0.33 AC |
PROPERTY TAXES
| Parcel Number | 34-43-24-00-00001.0010 | Improvements Assessment | $0 |
| Land Assessment | $31,765 | Total Assessment | $31,765 |
PROPERTY TAXES
Parcel Number
34-43-24-00-00001.0010
Land Assessment
$31,765
Improvements Assessment
$0
Total Assessment
$31,765
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3121 Pine Island Rd - 0.33± Acre Outparcel on Pine Island Road
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