$2,750,000
53 Ne Pine Island Road Cape Coral, FL 33909
For Sale MLS# 225035564
Commercial
Details for 53 Ne Pine Island Road
MLS# 225035564
Description for 53 Ne Pine Island Road, Cape Coral, FL, 33909
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
Listing Information
Property Type: Commercial, Commercial,Unimproved Land
Status: Active
Lot Size: 3.50 Acres
Subdivision: Cape Coral
Current Use: Commercial,Industrial,Other,See Remarks
County: Lee
Days On Market: 66
Utilities
Water: Assessment Paid, Public
Other Utilities: Sewer Available,Water Available,Sewer Not Available
Cooling: See Remarks
Exterior / Lot Features
Lot View: Trees/Woods
Lot Dimensions: 165 x 1320 x 165 x 1320
Zoning: CORR
Additional Exterior/Lot Features: See Remarks, Rectangular Lot
Community Features
Community Features: Non-Gated
Driving Directions
North on SR 41, Right on NE Pine Island Road, Property will be on your right and legal entrance is through Mellow Mushroom Restaurant entrance
Financial Considerations
Terms: All Financing Considered,Cash
Tax/Property ID: 12-44-23-C4-12000.0020
Tax Amount: 11513.52
Tax Year: 2024
A broker reciprocity listing courtesy: LPT Realty
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 53 Ne Pine Island Road
Sales History
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Tax Summary
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Schools
Schools nearby 53 Ne Pine Island Road
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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