$12,495,000

Big John Plaza, a cornerstone of the Cape Coral commercial landscape, has been a bustling hub of activity since its inception in the early 1960s. This long-established shopping center has witnessed the city transformation from a small community to a thriving metropolis, and it has evolved alongside it, maintaining its relevance and appeal. In 2019, Big John Plaza underwent a complete renovation, breathing new life into this historic shopping center. The renovation was not merely cosmetic; it was a comprehensive overhaul aimed at modernizing the plaza while preserving its unique character. The result is a harmonious blend of old-world charm and contemporary convenience that appeals to both long-time residents and newcomers alike. The renovation included structural improvements, aesthetic upgrades, & functional enhancements. The most significant upgrade was perhaps the new roof installed in 2023. This state-of-the-art roofing system not only improved the plaza's appearance but also enhanced its durability and energy efficiency. Today, Big John Plaza is home to twenty diverse tenants. These include retail stores, restaurants, service providers, and professional offices. Many of these businesses have been part of the plaza for years, contributing to its vibrant community atmosphere. They offer a wide range of products and services, catering to the diverse needs of Cape Coral residents and visitors. For the most part, the Plaza has had NO vacancy or collection loss. Despite the changes over the years, Big John Plaza has managed to retain its friendly neighborhood vibe. It is more than just a shopping center; it is a gathering place where people come to shop, dine, socialize, and create memories. Among other gatherings, it has hosted the annual Christmas Tree Lighting and the annual Cape Coral Art Festival, a Rotary sponsored event, both for over forty years. The plaza's welcoming ambiance, combined with its convenient location and diverse offerings, make it a favorite destination for locals and tourists alike. In conclusion, Big John Plaza is not just a shopping center; it is a piece of Cape Coral history that has been lovingly preserved and thoughtfully modernized. Whether you are a long-time resident or a first-time visitor, Big John Plaza welcomes you with open arms and promises an experience that is truly Cape Coral. The Plaza is valued with it's complete value and not just return on investment. There are endless opportunities for this property with the right owner. It could be left as is or has the opportunity to partner with the City and be a major redevelopment in the heart of Downtown Cape Coral. The City owns the 87,360 SF parking lot directly to the north of our subject and is interested in partnering with a developer. Their vision is mixed use with multiple levels of parking. A prime opportunity for the right investor. Seller is a licensed Florida Real Estate Broker.