1602 NE 2nd Ter, Cape Coral, FL 33909 - Photo 1

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$199,000

For Sale
Active
Commercial Land
0.25 Acres

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Property Description

This oversized 10,895-square-foot freshwater lot offers an excellent commercial opportunity with approximately 125 feet of frontage along Del Prado Boulevard, a major commercial corridor, and 215 feet of total frontage. The property's Future Land Use is designated Commercial Professional, providing potential for a variety of professional and commercial uses. As a freshwater lot, a traditional seawall is not required, and a littoral (shoreline) zone may be utilized, offering a huge saving to the builder. The large commercial 6 lot directly across the canal is also available from the same seller, creating an exceptional opportunity for buyers interested in acquiring both properties and maximizing their development potential. Seller financing is available, making this an attractive opportunity for investors, developers, or professional users seeking a well-located property with substantial frontage and future commercial potential.

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Full Property Details

Full Property Details for 1602 NE 2nd Terrace

General

Price: $199,000
Taxes: $1,729 (2025)
Status: Active
Type: Commercial Land
Source: Bonita_Springs
MLS ID: 2026035075
Updated: 8/18/2026
Added to Site: 49 day(s) ago

Additional Information

Shared Amenities: Boating, No Subdivision, Non-Gated

Location

Area: CC31 - Cape Coral Unit 17, 31-36,
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Driving Directions: From Del Prado, head north to NE 2nd Ter. located on the corner of NE 2nd Ter and Del Prado N
Direction Faces: North

Community

Assoc. Fees Include: None

Utilities

Sewer: Assessment Paid
Water: Assessment Paid, Irrigation Water
Cable Available: Yes
Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Water Available

Structural Information

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

Lot Features

Property View: Canal
Lot Size (Acres): 0.25
Lot Size (Sq. Ft.): 10,890
Lot Size Source: Property Appraiser Office
Lot Dimensions: 90 x 90 x 125 x 125
Frontage Feet: 90
Road Maintenance: City Maintained
Irrigation System: Assessment Paid
Lot Features: Corner Lot, Oversize, Build to Suit, Cleared
Potential Use: Professional
Trees/Vegetation: Grassed
Zoning: R1BW
Lot Description: Corner Lot, Oversize, Build to Suit, Cleared

Water Features

Water Front: Yes
Water Front Desc.: Canal Front
Canal Width: Canal Width 81-120
Boat Dock Slip: Yes

Financial Considerations

Price Per Acre: $796,000
Tax Amount: $1,729
Tax Year: 2025
Terms: Buyer Finance/Cash

Disclosures and Reports

Legal Description: CAPE CORAL UNIT 17 BLK 1540 PB 14 PG 30 LOTS 1 + 2
Property ID: 08-44-24-C4-01540.0010
Section: 8
Block: 1540
Lot Number: 1

Listed by Properties in Paradise Real Estate, LLC

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Schools

Schools serving 1602 NE 2nd Terrace

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

Name	Grades	Distance
Caloosa Elementary School 620 Del Prado Boulevard South, Cape Coral, FL 33990	K-5	1.1 mi
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903	K-5	1.6 mi
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909	K-5	2 mi
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990	6-8	0.9 mi
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909	6-8	2.1 mi
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903	9-12	2 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	4 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	4 mi
Hancock Creek Elementary School 1601 Skyline Drive, North Fort Myers, FL 33903	K-5	2.4 mi

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

Price & Sales History for 1602 NE 2nd Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/18/2026

Listed

$199,000

342.22%

MLS

6/23/2016

Sold

$45,000

—

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 1602 NE 2nd Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,494

—

$51,536

10%

2025

$1,494

$46,851

-34%

2024

$1,410

$70,686

-8%

2023

$1,318

27%

$76,541

69%

2022

$1,037

$45,200

41%

2021

$958

14%

$32,000

14%

2019

$843

$28,050

10%

2018

$797

$25,500

2017

$739

18%

$23,337

2016

$626

$22,000

—

2015

$592

17%

$22,000

21%

2014

$505

31%

$18,200

49%

2013

$385

—

$12,200

—

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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 1602 NE 2nd Terrace

1602 NE 2nd Ter, Cape Coral, FL 33909 (MLS# 2026035075) is a Commercial Land property with a lot size of 0.25 acres. 1602 NE 2nd Ter is currently listed for $199,000 and was received on August 18, 2026. Want to learn more about 1602 NE 2nd 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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1602 NE 2nd Terrace Cape Coral, FL 33909