618 SW 2nd Ter, Cape Coral, FL for sale

Investment Overview

Located in the heart of Cape Coral, 618 SW 2nd Terrace presents a prime commercial development opportunity in one of Southwest Florida’s fastest-growing markets. Positioned near the highly trafficked intersection of Pine Island Road and Nicholas Parkway, the property benefits from excellent accessibility and strong visibility within a central Cape Coral corridor. The site includes five contiguous parcels (not available for individual sale) and is zoned CC (Commercial Corridor), allowing for a wide variety of commercial uses. Existing plans are already in place for multiple one-story, seven-unit flex buildings, offering a streamlined path toward permitting and development. Surrounded by dense and continually expanding residential communities, the property is well-positioned to serve the area’s growing population. Cape Coral’s sustained population growth and development momentum further enhance the long-term demand and investment potential of this versatile commercial site. Conceptual plans have been prepared for a multi-phase flex warehouse project on the site. Phase I architectural plans are available and can be provided to a prospective buyer, offering a strong foundation for future development. Please note, the original building permit for Phase I has expired. While the existing site permit remains in place and may be eligible for extension, any new development would require resubmission and approval from the local building department. The originally envisioned full buildout (Phases I–III) contemplated up to 27 total units, presenting significant potential for a buyer to reimagine or continue the project.

Investment Highlights

• Existing plans ready for permitting for multiple one-story seven-unit flex buildings
• CC zoning allows a broad range of commercial uses
• Continued population growth in Cape Coral supports long-term demand
• Central Cape Coral location near Pine Island Rd & Nicholas Pkwy Strong surrounding residential density
• Five parcel property, cannot be sold separately