4423 Chiquita Blvd S , Cape Coral, FL 33914(Lee County)

Favorable Commercial Zoning with Flexible Uses Permitted including Self-Storage

Minutes from Downtown Cape Coral | 13 miles from Fort Myers

Absolute $1 Auction - NO RESERVE

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present 1.28 acres adjacent to Dollar General (the Property) and located adjacent to 4423 Chiquita Blvd in Cape Coral, Florida. This Property offers an exceptional investment opportunity to develop a parcel adjacent to a dense retail corridor in the path of growth.

The Property is vacant land adjacent to Dollar General and consists of two adjacent parcels totaling 1.28 acres. The Property benefits from numerous improvements including a curb cut on SW 45th Terrace, dedicated driveway to Chiquita Blvd, direct access to Dollar General, and available utilities. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Publix, Dollar General, McDonalds, Wells Fargo, Burger King, Dunkin, Little Caesars, Walgreens, Davita Kidney Care, and more. The Property benefits from highly favorable commercial zoning that allows for a wide variety of uses including banks, self-storage, professional office, retail, restaurant, and others.

Cape Coral is a city located in Lee County, Florida on the Gulf of Mexico. Cape Coral is the largest city between Tampa and Miami in both population and area and a principal city in the Cape Coral Fort Myers MSA. The city has over 400 mi of navigable waterways, more than any other city on earth. The Property is poised to benefit from its location in a high traffic area with 14,000 vehicles per day on Chiquita Blvd and an additional 28,500 vehicles per day on Cape Coral Parkway West, just south of the Property. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2023 population of 118,887 people and average annal household income of $89,154 within a 5-mile radius. The area has benefited from significant population growth of 26% from 2010-2023 and will continue to benefit from a population that is expanding, with 3.72% growth projected from 2023-2028 (5-mile radius).