# 523 SW 3rd Terrace, Cape Coral, FL 33991 > **TL;DR:** commercial, $179,800. > View. Est. $961/mo. Listed 93 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $179,800 | | Lot Size | 15,725 sqft (0.36 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 93 | ## Why This Home Stands Out - **Views** - City ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $909 | | Estimated Insurance | $52 | | **Total** | **$961** | ## Key Amenities - View ## Property Highlights - 0.36 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 523 SW 3rd Terrace, Cape Coral, FL 33991 - **County:** Lee - **Neighborhood:** CAPE CORAL - **Coordinates:** 26.643509, -81.985965 - **Google Maps:** https://www.google.com/maps?q=26.643509,-81.985965 ## Listing Agent - **Name:** Rosy Palermo · **License:** 277016568 - **Brokerage:** Palermo Real Estate LLC - **Broker Phone:** (239) 895-5053 ## Photos ![523 SW 3rd Terrace - Photo 1](http://lh.rdcpix.com/fc598d5e160a0a2eb859418b21fa43e9l-f2104329314r.jpg) ![523 SW 3rd Terrace - Photo 2](http://lh.rdcpix.com/fc598d5e160a0a2eb859418b21fa43e9l-f1229362645r.jpg) --- **MLS#:** 2026026902 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/523-sw-3rd-terrace-cape-coral-fl-33991-2d53a3b35bab4d6c9fc292aaf305515c) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/523-sw-3rd-terrace-cape-coral-fl-33991-2d53a3b35bab4d6c9fc292aaf305515c#listing", "url": "https://www.propertysimple.ai/listing/523-sw-3rd-terrace-cape-coral-fl-33991-2d53a3b35bab4d6c9fc292aaf305515c", "name": "523 SW 3rd Terrace, Cape Coral, FL 33991", "description": "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. 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