Remarks

Perfect Development opportunity in Cape Coral. Located in a highly sought out Opportunity Zone area of the city along Pine Island Rd. There is tremendous growth happening and many major commercial projects currently taking place on Pine Island Rd that makes this an excellent opportunity to buy one of the last available land parcels to build your next commercial project on. Due to this property being situated within the Opportunity Zone Development map of Lee County there are incentives attached that make this deal a great investment opportunity for any developer or investor.

To the west of these parcels is a favorite area attraction, Gator Mike's Family Fun Park. Gator Mike's Family Fun Park is a premier family adventure park in the city of Cape Coral. It offers excursions for all ages, such as miniature golf, a zip line, rock climbing, go-cart tracks, bumper boats and an arcade. This makes the vacant 3.5 acres ideal for a possible destination hotel or vacation resort as there is lots of fun to experience next door at Gator Mike's and a great restaurant to the south, a newly built Mellow Mushroom, making an ideal location along Pine Island Road, a major Commercial Corridor in the growing city of Cape Coral.

On the west side of Gator Mike's, there is a planned 320+ unit Multifamily development project in the works. With another large scale multifamily project being planned to the east and adjunct to the 3.5 acres parcels making this ideal for a possible hotel with a convention center that Cape Coral is in great need of, along with mix use retail and/or medical, are some of the best use of these last vacant land parcels along the busiest commercial corridor in Cape Coral and Lee County. Currently the estimated traffic count is 54,000 and growing as commercial and residential projects are completed along the Pine Island Road commercial corridor.

Total of vacant Land is 3.5 Acres of flat wooded uplands, Seller has completed and paid the EPA required permits for wetlands remediated to Uplands for all of the total 3.5 acres. Water, Sewer and Electrical utilities are hookup ready for your development plans.

Legal descriptions are as follows:
1. Lee County Parcel ID: 12-44-23-C4-12000.0020
MELLOW CAPE VENTURES LAND CONDO A REPLAT OF A PORTION OF LOT 17 PB 9 PG 21 AS DESC IN INSTRUMENT 2023000309006 UNIT 2

2. Lee County Parcel ID: 12-44-23-C4-12000.0030
MELLOW CAPE VENTURES LAND CONDO A REPLAT OF A PORTION OF LOT 17 PB 9 PG 21 AS DESC IN INSTRUMENT 2023000309006 UNIT 3

Details

MLS#: 225035564
Price: $2,750,000

Style: Commercial

County: Lee
Subdivision: Cape Coral
Lot Size: 165 x 1320 x 165 x 1320
Tax Fee: 11513.5200000000004