1401 Broadway Avenue
About This Property
Discover the perfect opportunity to build your dream home or investment property on this spacious corner lot in the growing community of Lehigh Acres. Situated at the intersection of Broadway Ave and a quiet residential street, this approximately 0.5-acre vacant lot offers excellent visibility, easy access, and added flexibility for future development.
Zoned for residential use and surrounded by both new and established homes, this parcel is ideally located in a peaceful neighborhood with convenient access to State Road 82, shopping, schools, and parks. Enjoy the tranquility of suburban living with the added advantage of being just a short drive to Fort Myers and Southwest Florida International Airport.
This corner lot provides two street frontages, allowing for greater design potential. It offers paved road access with nearby utilities, and there are no HOA fees or deed restrictions, making it an ideal site for single-family home construction. The area is developing rapidly, providing strong long-term investment potential.
Whether you're looking to build now or hold for the future, this lot offers a rare combination of location, value, and flexibility. Don't miss your chance to own a piece of Southwest Florida paradise!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Joel
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,500 /mo
- 3 Beds
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- 1,654 ft²
$1,100 /mo
- 2 Beds
- 1 Bath
- 882 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017