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Lehigh Acres 33974 Alabama
348 Progress Avenue
$23,000
● Land - Off Market

348 Progress Avenue

Lehigh Acres, FL 33974
bedrooms
Studio
bathrooms
0 Bath
$154
Est. Monthly

About This Property

Excellent investment opportunity. Oversized corner lot, offering greater space, accessibility, and design flexibility. The corner location enhances privacy and overall appeal for future development.

Conveniently located in a growing area near schools, shopping, and major roadways. Ideal for residential construction or long-term investment.
Unit Size
-
Days on Market
22 days
Land Size
0.28 acres
Price per sqft
-
Property Type
Land
Property Taxes
$41
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 9 months ago ( #2026008232)

Price History

Date / Event Date Event Price
Mar 9, 2026 Sold
Premium
Sold
Feb 17, 2026 In contract -
In contract
Feb 15, 2026 Listed by Mamba Realty LLC $23,000
Listed by Mamba Realty LLC
Apr 22, 2022 No longer available -
No longer available
Apr 19, 2022 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,367
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: LEHIGH ACRES 08-45-27
  • Land Acres: 0000000284
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: SOUTHWOOD UNIT 23 BLK 118 PB 26 PG 87 LOT 7

Neighborhood

  • School District Name: Lee County School District
  • Census Tract: 040311

Zoning

  • Zoning: RS-1

Geography

  • Assessors Map Reference: 33
  • Account Number: 10406687
  • Subdivision Tract Number: 23
  • Parcel: 08-45-27-L1-23118.0070
  • Block: 118
  • Lot: 7
  • Meridian: SEC 08 TWN 45S RNG 27E
  • Municipality: LEHIGH ACRES FIRE & LIGHT
  • Latitude: 26.5791
  • Longitude: -81.6388

    Address

  • Full Address: 348 Progress Ave
  • Legal Unit: 23
  • Address - House Number: 348
  • Address - Street Name: Progress
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Lehigh Acres
  • Carrier Code: R029
  • 4-Digit Zip Code: 2419
  • Zip Code: 33974

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $29,987
  • Tax Rate Code Area: 048

    Market Valuation

  • Market Total Value: $14,298
  • Market Land Value: $14,298

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $14,298
  • Assessed Land Value: $14,298

    Sales

  • Current Sale Contract Date: Apr 14, 2022
  • Current Sale Recording Date: Apr 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 130825
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Alabama

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$192

Below Asking

0.02%

Average Days on Market

88

Average Home Size

1471 ft²

Average Home Age

15.7 years

Currently For Sale

324 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 245 Pennfield Street, Lehigh Acres, FL, 33974

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,222 ft²
245 Pennfield Street, Lehigh Acres, FL, 33974 Listing by Alberto Tinedo
Unit for rent at 243 Pennfield Street, Lehigh Acres, FL, 33974

$1,800 /mo

  • 3 Beds
  • 2 Baths
  • 1,222 ft²
243 Pennfield Street, Lehigh Acres, FL, 33974 Listing by Alberto Tinedo
Unit for rent at 4703 Elva Avenue S, Lehigh Acres, FL, 33976

$1,900 /mo

  • 3 Beds
  • 3 Baths
  • 1,057 ft²
4703 Elva Avenue S, Lehigh Acres, FL, 33976 Listing by Areli Aguado

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 348 Progress Avenue built and last sold?
The property at 348 Progress Avenue was built in and last sold on Apr 14, 2022 for $17,000.
How much is this home worth?
The estimated value of the home located at 348 Progress Avenue is $23,230.
What are some comparable homes to 348 Progress Avenue?
There are currently no comparable homes to 348 Progress Avenue.
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