427 SW 2nd Ter, Cape Coral, FL 33991 - Photo 1

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$350,000

For Sale
Active
Lots/Land
0.384 Acres
Updated 7 days ago

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Property Description

This strategically positioned commercial lot, located directly along the Pine Island Road commercial corridor, offers nearly 17,000 square feet of land and is situated just minutes from Walmart, Office Depot, and a wide variety of established retailers and businesses. Its central location within Cape Coral provides exceptional visibility, accessibility, and exposure, making it an ideal opportunity for an investor, entrepreneur, or business owner looking to develop a new commercial venture or expand an existing operation. With its strong location in one of the city's primary commercial areas and surrounded by a growing mix of businesses and services, this property represents an excellent commercial investment with significant potential for long-term value and growth.

Full Property Details

Full Property Details for 427 SW 2nd Terrace

General

Price: $350,000
Taxes: (2025)
Status: Active
Type: Lots/Land
Source: Bonita_Springs
MLS ID: 2026042284
Updated: 10/7/2026
Added to Site: 8 day(s) ago

Additional Information

Shared Amenities: Non-Gated, Street Lights

Location

Area: CC23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Direction Faces: South

Community

Assoc. Fees Include: Street Lights, Street Maintenance, Trash, Water

Utilities

Sewer: Central
Water: Central
Utility Description: Electricity Available, Trash Removal, Water Available

Structural Information

Description/Design: Unimproved Land
Current Bldg. Use: Commercial

Lot Features

Property View: Landscaped Area
Lot Size (Acres): 0.384
Lot Size (Sq. Ft.): 16,727
Lot Size Source: Property Appraiser Office
Lot Dimensions: 120 x 140 x 125 x 125
Frontage: Public Road
Frontage Feet: 120
Irrigation System: Central
Lot Features: 3 Lots, Oversize
Zoning: CC
Lot Description: 3 Lots, Oversize

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Price Per Acre: $911,458
Tax Year: 2025
Terms: Buyer Finance/Cash

Disclosures and Reports

Multiple Parcels: Yes
Legal Description: CAPE CORAL UNIT 29 BLK 1947 PB 16 PG 25 LOTS 4 THRU 6
Property ID: 14-44-23-C1-01947.0040
Section: 14
Block: 1947
Lot Number: 4

Listed by Tiuso Realty Group

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Schools

Schools serving 427 SW 2nd 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 mi
Patriot Elementary School 711 Southwest 18th Street, Cape Coral, FL 33991	K-5	1.7 mi
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991	K-5	2 mi
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991	6-8	1.6 mi
Mariner Middle School 425 Chiquita Boulevard North, Cape Coral, FL 33993	6-8	1.7 mi
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993	9-12	1.8 mi
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991	9-12	2.5 mi
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914	9-12	4.5 mi
Trafalgar Elementary School 1850 Southwest 20th Avenue, Cape Coral, FL 33991	K-5	2.7 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 427 SW 2nd Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/07/2026

Listed

$350,000

600%

MLS

11/06/2015

Sold

$50,000

—

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 427 SW 2nd Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2025

$1,436

—

$43,419

10%

2025

$1,436

$39,472

-6%

2024

$1,374

13%

$41,850

—

2023

$1,217

$41,850

-9%

2022

$1,131

—

$46,035

—

2021

$1,126

—

$46,035

10%

2021

$1,126

-10%

$41,850

88%

2019

$1,245

$22,281

10%

2018

$1,237

-9%

$20,255

-19%

2017

$1,359

22%

$25,110

50%

2016

$1,110

-2%

$16,740

2015

$1,133

10%

$16,250

25%

2014

$1,027

31%

$13,000

33%

2013

$784

—

$9,750

—

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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 427 SW 2nd Terrace

427 SW 2nd Ter, Cape Coral, FL 33991 (MLS# 2026042284) is a Lots/Land property with a lot size of 0.384 acres. 427 SW 2nd Ter is currently listed for $350,000 and was received on October 07, 2026. Want to learn more about 427 SW 2nd Ter? Do you have questions about finding other Lots/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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427 SW 2nd Terrace Cape Coral, FL 33991