Commercial Land 15.82 Acres Pine Island Rd Cape Coral

Vacant Land for Sale
Catylist Listing ID: 30179855
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 15.82 Acres
Sale Price: $7,125,000
Unit Price: $450,379 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/18/2019

Overview / Comments

Great large commercial land assemblage, 15.82 Acres, on Pine Island Road in Cape Coral. Immediately adjacent to BJ's shopping center, the sw corner of the assemblage abuts Hibiscus Drive and NE Pine Island Road, which will be signalized in the near future. The property includes four parcels, 2015, 2025 and 2101 NE Pine Island Road, plus a storm retention pond which has already been approved and created. The site is cleared, developable land, zoned Corridor with Pine Island Road Corridor future land use. A commercial subdivision plan, known as Eastpoint, was approved in the mid 2000's. This may be used or amended. Traffic volumes exceed 36,000 daily. Property has approved access points on Pine Island Rd and Hibiscus Dr.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Cape Coral and Lee County
Tax ID/APN: 054424C3035480020
Property Located Between: Hibiscus Drive and NE 24th, fronting NE Pine Island Road.
Property Visibility: Excellent
Legal Description: Survey and legal available.
Largest Nearby Street: Pine Island Road and Hibiscus
Feet of Frontage: 943
Highway Access: NE Pine Island Road and Hibiscus Drive.
Site Description: Cleared developable land with approved and constructed water retention pond.
Area Description: Assemblage located along Cape Coral's premiere commercial corridor with big box retail, national chain restaurants, car dealerships and office: Kohls, Target, BJ's, Sams Club, Bed Bath & Beyond, Carrabbas, Olive Garden, Lowes, Bonefish Grill, Chilis, Staples and Dress Barn.
Lot Frontage: 973
Lot Depth: 730
Zoning Description: Corridor, which permits the range of commercial uses and light industrial.
Development Name: Eastpoint
Topography: Level
Easements: Utilities
Easements Description: City utilities are available, water and sewer.
Available Utilities: Electric, Water, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,095 56,306 138,817
Median Age: 37.29 44 43.87
Households: 2,960 23,425 57,600


Photograph of Listing Agent

Annette Barbaccia

Miloff Aubuchon Realty Group Inc
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