$4,500,000
$4,900,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
15,075 SqFt
SOLD DATE : 07/14/2025
Key Details
Sold Price $4,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 15,075 sqft
Price per Sqft $298
MLS Listing ID 224040536
Sold Date 07/14/25
HOA Y/N No
Year Built 1997
Annual Tax Amount $28,884
Tax Year 2023
Lot Size 1.196 Acres
Acres 1.196
Property Sub-Type Retail
Property Description
Centrally located in Cape Coral, Florida and in the hub of the Pine Island Road Commercial Corridor, this multi-tenant retail plaza is currently leased to an attractive mix of business'. "Merchants Central Plaza" consists of 10 units and measures 330' X 45' or 15,075 sf with Bridgestone Tires d/b/a Tires Plus as the anchor. Other tenants include a pizzeria, nail salon, tobacco retail store, massage, flower shop and an arcade. As of 2023, this plaza had a new roof installed with new gutters and soffits, new soffit lights, 9 new HVAC rooftop units, 4 new concrete parking lot poles with LED heads, new 75" clock in the front facing facade, new pylon sign, lawn sprinklers, fresh paint, resealed and striped drives and alleyway. This plaza is located in the geographical center of Cape Coral and in the path of continued growth as described by City Hall, with well over $320,000,000 worth of commercial developments in the pipeline.
Location
State FL
County Lee
Area Cc31 - Cape Coral Unit 17, 31-36,
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available
Waterfront Description None
Present Use Retail
Garage No
Building
Story 1
Others
Senior Community No
Tax ID 13-44-23-C1-01095.0010
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Bought with FGC Non-MLS Office
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1630 Periwinkle Way Unit I, Sanibel, Florida, 33957, USA