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.
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Listing Snapshot
Price
$4,900,000
Days On Site
358 Days
Bedrooms
N/A
Inside Area (SqFt)
15,075 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.196 Acres
Year Built
1997
MLS® Number
224040536
Status
Active Under Contract
Property Tax
$28,884.07
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a month ago
Status changed to Active Under Contract
a month ago
Listing updated with changes from the MLS®
6 months ago
Price changed to $4,900,000
12 months ago
Listing first seen on site
General Features
Acres
1.196
Additional Property Use
Investment
Number Of Stories
1
Parking Spaces
58
Property Sub Type
Retail
SqFt Total
15075
Utilities
Electricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available
Zoning
VILL
Interior Features
Cooling
Central Air
Heating
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Exterior Features
Frontage
400
Community Features
HOA Fee Frequency
Annually
MLS Area
CC31 - Cape Coral Unit 17,31-36,
Listing courtesy of Phil Deems of Phil Deems Real Estate
Listing information is provided by Participants of the Bonita Springs Estero Association of Realtors MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Bonita Springs Estero Association of Realtors MLS.
Last checked: 2025-05-05 08:11 AM UTC
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