
Sold Jun 22, 2026
$290,000Prime commercial corner development opportunity in one of Cape Coral's fastest-growing business districts. This 0.54-acre (23,640± sq. ft.) corner parcel offers exceptional visibility with frontage along SW 3rd Terrace and Nicholas Parkway, just south of the highly traveled Pine Island Road corridor. Zoned Commercial Corridor (CC) with Future Land Use designated as Pine Island Road District (PIRD), the property offers excellent potential for a wide variety of commercial 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. The property is not located in a designated flood zone, providing added value for future development. Surrounded by established businesses, restaurants, healthcare providers, fitness centers, and national retailers including Crunch Fitness, Dunkin', Office Depot, Kohl's, Walmart, and other commercial services, this location offers exceptional convenience for customers and employees. The adjoining Commercial Professional (CP) parcel is also available, creating a unique opportunity for assemblage and expanded commercial development. Whether you're an owner-user, investor, or developer, this premier corner site offers outstanding exposure in one of Cape Coral's most active commercial corridors. Buyer to verify zoning, permitted uses, and development requirements with the City of Cape Coral.
Listing last checked: Listing updated:
Listed by Rosy Palermo · Palermo Real Estate LLC · MLS #2026026915
Select a document to start a request. You can add others in the form. Availability varies.
Explore costs at the $279,800 asking price. Adjust the assumptions to your situation.
Listing annual taxes: $3,919. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
$289,900 · May 24, 2024
$46,500 · Sold $45,000 · Jul 1, 2004
$69,900 · Sold $62,000 · Jan 19, 2004
$8,900 · Sold $5,850 · Feb 4, 2002

Sold Jun 22, 2026
$290,000Continue your search in Cape Coral.
Need help making sense of this home?
Request a tour of 513 SW 3rd Terrace and a Bean Group agent will help coordinate an available time with the listing side.
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Availability varies by property and source. Request the documents you need and we will help obtain what is available.