523 SW 3rd Terrace
Cape Coral, FL, 33991 $ 184,888
Baths0.0 Monthly Estimate*
$ 1,167
Studio for $184,888. The lot size is 0.361.
Exceptional Commercial Professional (CP) development opportunity in one of Cape Coral's fastest-growing commercial districts. This 15,725± square foot (0.36-acre) oversized triple lot offers approximately 133 feet of frontage along SW 3rd Terrace, providing outstanding visibility and flexibility for site design. Ideally located approximately three blocks south of the Pine Island Road and Nicholas Parkway commercial corridor, the property is surrounded by established businesses, restaurants, healthcare providers, fitness centers, banks, and national retailers, creating excellent convenience for customers and employees alike. Zoned Commercial Professional (CP), the property is well suited for medical and dental offices, attorneys, accountants, insurance agencies, financial services, title companies, engineering and architectural firms, consulting businesses, real estate offices, and other professional office uses, subject to City of Cape Coral approval. Central water, sewer, electric, cable, telephone, and irrigation are available, with all utility assessments paid in full. Located in Flood Zone X, this site offers additional appeal for future development. The adjoining commercial parcel is also available, creating a unique opportunity for assemblage and expanded development. Whether you're an owner-user, investor, or developer, this property presents an outstanding opportunity to establish or expand your business in one of Cape Coral's most active commercial corridors. Buyer to verify all zoning, permitted uses, and development requirements with the City of Cape Coral.
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FeaturesGeneralSewer Assessment Paid Public Sewer
Utilities Cable Available Electricity Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
HOA Fee 0
Association Fee Includes None
View City
Property Subtype Commercial
Tax Year 2025
Current Use Commercial
Waterfront Features None
Community Features None
HOA Fee 2 0
County Lee
Property Type Land
Subdivision Name CAPE CORAL
Facing Direction South
Possible Use Office
Status Active
Directions Heading Pine Island to the West Make a right on Nicolas. 3 blocks down is 3rd Terrace make a right. Lot is to the right.
City Cape Coral
Disclosures Agent has Financial Interest Owner Is Listing Agent
Land Lease Amount 0
Senior Community Y/N false
Zoning Description CC
MLS Area CC23 - Cape Coral Unit 28 29 45 62 63 66 68
Lot Size Units Acres
Tax Annual Amount 1709.06
Lease Considered Y/N false
Standard Status Active
Tax Lot 33
Property Sub Type Additional Commercial Unimproved Land
Legal Description CAPE CORAL UNIT 29 BLK 1937 PB 16 PG 22 LOTS 33 THRU 35
HOA Fee 3 0
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ExteriorLot Features Multiple lots Oversized Lot
Water Source Assessment Paid Public
Lot Size Area 0.361
Lot Dimensions 133 x 125 x 118 x 125
Lot Size Acres 0.361
Road Surface Type Paved
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded FeaturesList ByRosy PalermoListing Agent
Palermo Real Estate LlcBroker
rosy@rosyrealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,167
- Monthly Property Taxes
- $142
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Cape Coral, FL
Average List Price $155,382
Percent of Sale Price 16%
About Cape Coral, FL 184,744 Population
76% Since 2002
$ 54,021 Median Income
44.67 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/2/2026 | $184,888 | | Listed Price |