US 41 Frontage - 1,121± Acres

Vacant Land for Sale
Catylist Listing ID: 30337991
Property Subtypes: Office, Residential (Single Family), Retail, Other
Gross Land Area: 1,121 Acres
Sale Price: $11,000,000
Unit Price: $9,810 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/14/2018

Overview / Comments

These parcels are located across US 41 from the 1,300 unit Heron’s Glen and D.R. Horton’s 1,300 unit Magnolia Landing. It is believed that with rezoning these parcels could support up to 1,000 units or more. Seller will sell just the 600± residential acres, but prefers to sell all 1,121± acres. All but 2.33 acres of these 3 parcels are inside the Cape Coral city limits. Access to utilities on US 41 requires an Inter-Local agreement. Utilities at the property, 8/10th of a mile US 41 frontage and discounted prices of under $10,000 per gross acre and $22,000 per upland acre makes this a NOW opportunity.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 054324C1000010000
Property Visibility: Excellent
Largest Nearby Street: US 41

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,903 31,826
Median Age: 59.07 51.31
Households: 4,813 14,394

Contact

Photograph of Listing Agent

Stan Stouder

CRE Consultants SWFLCA Member
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