Downtown Cape Coral Retail Investment 820 Cape Coral Pky 2,177 SF Retail Building Cape Coral, FL 33904 $899,000 ($412.95/SF)

Great investment opportunity. Renovated one story 2,100 sf.+ retail building in the City's downtown district with frontage on Cape Coral Parkway, one of the City's busiest arterial, more than 46,000 vehicles daily. This property offers rental income in the near term and redevelopment potential in the future. Current tenant lease runs to April 2029 with two extension options. Modified gross rent, currently $3,500 per month and escalations with extensions. Building is concrete block with stucco finish. Interior completely renovated, luxury vinyl flooring, garage area has been converted to air conditioned space for office and storage. 6 parking spaces. Downtown land use and zoning districts permit multi-family density 125 units per acre with a commercial FAR of 4.0. Possible assemblage with neighboring properties to realize high density and intensity development. Codes allow zero side lot lines. The downtown hosts many events including Art Fair, Red White and Boom and others, concentrating consumers at this location. Call for more information.