Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
~$5,000+ potential annual savings on vetted partner products
10+ deal analysis calculators with ready-to-share reports
Lawyer-reviewed leases for every state ($99/package value)
Pro badge for priority visibility in the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

18
Posts
8
Votes
Kirstin Moll
  • Real Estate Agent
  • Cape Coral
8
Votes |
18
Posts

Commercial Investment in Cape Coral, FL

Kirstin Moll
  • Real Estate Agent
  • Cape Coral
Posted

Investors looking to invest in Cape Coral, I need your help. I feel passionate about this one. We do not need another smoke shop on Cape Coral Parkway E.

We need restaurants, bakeries, gyms (cycle bar or pilates anyone?), bars, smoothie bowl shop, boutiques. Literally anything besides pawn shops and smoke shops on our main road. Please! Does anyone else feel this way?

There's a building next to 'The Spot' on Cape Coral Parkway E. for sale. Its 3000sqft split into two 1500sqft sides. One side currently has an insurance company and unless they can find a buyer that wants to use that space, its going to be a smoke shop. $3000/mo for each side in rental income. Asking $1.1M. I know investors tend to not care what goes in there as long as they get their money. And i understand. But i'm dying to revive Cape Coral into this cool town. So if you know of anyone please reach out! And PLEASE SHARE!

P.S. this is not my listing and am not looking to promote myself. If I had the capital to buy this building myself, I would. I'm so tired of people buying up real estate on our main roads and turning it into junk. 

Most Popular Reply

User Stats

1,168
Posts
783
Votes
John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
783
Votes |
1,168
Posts
John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Replied

On the surface by looking at google maps this is a tough place to do retail.  There is no street parking and limited building parking.  The tenant is reliant on foot traffic.  Is this a seasonal town?  In other words is it a multigenerational community or are you reliant on retirees that come visit only for the winter.  (aka as a resort town).  An outsider would have to study the demographics on this.  Maybe the celebrity that is buying the "spot" can step in and take the the building for additional parking?  Since you're the local expert I would pitch this to your local government and other types of business owners in the area that might have a different vision for the building.  

Loading replies...