3121 Pine Island Rd - 0.33± Acre Outparcel on Pine Island Road
0.33 Acres of Commercial Land Offered at $421,821 CAD 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
PROPERTY FACTS
| Price | $421,821 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.33 AC |
1 LOT AVAILABLE
Lot
| Price | $421,821 CAD |
| Price Per AC | $1,278,243.98 CAD |
| Lot Size | 0.33 AC |
DESCRIPTION
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 TAXES
| Parcel Number | 34-43-24-00-00001.0010 | Improvements Assessment | $0 CAD (2024) |
| Land Assessment | $45,421 CAD (2024) | Total Assessment | $45,421 CAD (2024) |
ZONING
| Zoning Code | AG-2 (Central Urban future land use designation) |
