1406 NW 8th Ter, Cape Coral, FL 33993 - Photo 1

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$29,000 -$4,000 (-12.12%) Price Reduced

For Sale
Active
Commercial Land
0.23 Acres
Updated 17 hours ago

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Property Description

Affordable Commercial Professional Lot (Zone CP) in NW Cape Floorplan for commercial building attached in documents. This build out for $825,000. Reach out for more information. Discover the perfect location for your business in this highly desirable commercial professional lot, situated in the bustling NW Cape area. This prime 0.23-acre vacant lot offers easy access to shopping, restaurants, schools, and the NW Cape Library, making it an ideal spot for your professional offices or retail services. Strategically located, this lot is just a short distance from Fort Myers and Punta Gorda Airport, providing convenience for both you and your clients. The area is experiencing significant growth and activity, making it a great investment opportunity. With city water, sewer, and irrigation already in place, you can start building your dream business right away. The upcoming Coral Grove Outdoor Town Center, just a short drive away, promises to bring even more development in housing, dining, and shopping to the area. Highly desirable area with significant growth and activity Ideal for professional offices or retail services. Unlock the potential of this prime commercial lot and make it yours today. Start dreaming and building your ideal business in this vibrant and rapidly expanding community! Assessment balance is approximatly $8,770.

Full Property Details

Full Property Details for 1406 NW 8th Terrace

General

Price: $29,000
Taxes: (2024)
Status: Active
Type: Commercial Land
Source: Bonita_Springs
MLS ID: 2025007908
Updated: 3/4/2026
Added to Site: 189 day(s) ago

Additional Information

Shared Amenities: Boating, No Subdivision

Location

Area: CC41 - Cape Coral Unit 37-43, 48, 49
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: South

Community

Assoc. Fees Include: None

Utilities

Sewer: Assessment Unpaid
Water: Assessment Unpaid
Utility Description: None

Structural Information

Description/Design: Commercial Lot
Current Bldg. Use: Commercial

Lot Features

Property View: Partial Buildings
Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,018
Lot Size Source: Property Appraiser Office
Lot Dimensions: 80 x 80 x 125 x 125
Frontage: Public Road
Frontage Feet: 80
Irrigation System: None
Lot Features: Regular
Zoning: P1
Lot Description: Regular

Water Features

Water Front Desc.: None
Canal Width: None
Boat Dock Slip: Yes

Financial Considerations

Price Per Acre: $126,086
Tax Year: 2024
Terms: Buyer Finance/Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 41 BLK 2842 PB 17 PG 3 LOTS 27 + 28
Property ID: 03-44-23-C4-02842.0270
Section: 3
Block: 2842
Lot Number: 27

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Schools

Schools serving 1406 NW 8th Terrace

School District:Lee County School District, Fort Myers, FL

Name	Grades	Distance
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Boulevard North, Cape Coral, FL 33993	K-5	1.9 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	3.4 mi
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	3.5 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	0.5 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	3.3 mi
Trafalgar Middle School 2120 Trafalgar Parkway, Cape Coral, FL 33991	6-8	3.3 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	0.2 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	4.3 mi
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914	9-12	5.6 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1406 NW 8th Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/04/2026

Price Reduced

$29,000

-12.12%

MLS

2/24/2026

Price Reduced

$33,000

-5.71%

MLS

2/11/2026

Price Reduced

$35,000

-22.22%

MLS

11/04/2025

Price Reduced

$45,000

-6.25%

MLS

8/28/2025

Listed

$48,000

45.45%

MLS

3/05/2024

Sold

$33,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1406 NW 8th Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,805

15%

$27,500

—

2024

$1,567

-45%

$27,500

10%

2023

$2,853

$25,000

150%

2022

$2,799

$10,000

11%

2021

$2,708

-7%

$9,000

103%

2019

$2,903

—

$4,430

10%

2018

$2,895

640%

$4,027

-63%

2017

$391

$10,833

2016

$363

24%

$10,000

150%

2015

$293

23%

$4,000

—

2014

$238

47%

$4,000

60%

2013

$162

—

$2,500

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1406 NW 8th Terrace

1406 NW 8th Ter, Cape Coral, FL 33993 (MLS# 2025007908) is a Commercial Land property with a lot size of 0.23 acres. 1406 NW 8th Ter is currently listed for $29,000 and was received on August 28, 2025. Want to learn more about 1406 NW 8th Ter? Do you have questions about finding other Commercial Land real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

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1406 NW 8th Terrace Cape Coral, FL 33993