Property Listing No Longer Available for Sale

3 Parcels with 10 Tracts in Entrada

Cape Coral, FL

Land for Sale - $2,155,000 - 18.42 acres


Property Info

CIMLS#972139
Location
  3 Parcels with 10 Tracts in Entrada
  Cape Coral FL 33909
UpdatedFebruary 12th, 2018
TypeLand
Price$2,155,000
Land18.42 acres

Property Description

The property is part of Entrada, a development situated on Cape Coral's major thoroughfare, Del Prado Blvd. FDOT has plans for the extension of Del Prado to create an interchange connection on nearby Interstate 75 (I-75). I-75 runs northward through Florida and into the Midwest of the USA. The Subject Parcels are each well positioned for commercial development of different kinds, and can be purchased in entirety for $2,155,000 or individually for $1,175,000; $240,000; and $740,000 respectively.

The Cape Coral / Fort Myers MSA is one of the fastest growing in the Country. As Collier and Southern Lee County become more developed and expensive, the City of Cape Coral has become one of the most attractive affordable lifestyle communities in Southwest Florida. Specifically, Entrada should be expected to become a focal point for commercial development related to this growth. With strong commercial development surrounding Del Prado, US 41/Tamiami Trail, and the nearby Pine Island corridor, it is likely to be even more attractive to residential development.

Adjacent to the Subject property are planned communities that have +/- 3000 units approved for construction including a 2017 started DR Horton Development with approximately 120 homes of the 721 lots were built in thee first year.

At about 2 1/2 miles from the new Regional Veterans Administration Clinic (opened in 2012) and the new Veterans Investment Zone in which the new business projects have grown from 6 last year to over 100 this year. The new clinic is expected to boost jobs and the economy in the area.

The City is open to consider financial, tax and development incentives.

Location Description:

The Subject Properties ["Subject"] are located near the intersection of Del Prado and US 41 / Tamiami Trail. While the area sometimes is identified as North Fort Myers, the Subject is actually located within the eastern boundary of the City of Cape Coral. Given the site serves as an "entrance" to the City, there is significant interest from the City of Cape Coral in the development of this area. Further, certain entry improvements were previously made to provide such a look. The City of Cape Coral is 115 square miles, and is the third largest city, geographically, in Florida. Cape Coral was founded in 1957 and incorporated in 1970. Today, it is considered one of the more affordable communities with so much water access. The City has more than 400 miles of waterways, including 222 miles of salt-water access canals. There are 31 miles of shoreline surrounding the City.

Highlights:

>> Well Priced Commercial Parcels

>> Zoned and Ready for Development with Mast Plan Permits in Place

>> 3 Parcel Available in Bulk or Individually

>> Near New DR Horton Development

>> Cape Coral is one of the fastest growing markets in Florida and the Country

>> City Nationally recognized as desirable place to live

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Financials