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1015-1055 Hancock Creek S blvd - Pine Key Multifamily Shovel-Ready Lots 6.54 Acres of Commercial Land Offered at $3,600,766 CAD in Cape Coral, FL 33909
INVESTMENT HIGHLIGHTS
- Shovel-ready multifamily development
- Surrounded by residential growth and new commercial development
- Ideal for investors or builders seeking a turnkey development site
- Site plan approved for 7 buildings / 84 units
- Strong rental demand and favorable demographic trends
EXECUTIVE SUMMARY
JOINT VENTURE & OWNER FINANCING AVAILABLE
7 vacant parcels with completed sitework, infrastructure and parking. Vacant parcels are SITE PLAN APPROVED for 7 buildings with a 84-unit capacity. There’s also an additional +/- 3 acre developable land inclusive with the sale. The property is situated 10 minutes from beautiful Downtown Ft. Myers and a short ride to area beaches. It’s also in close proximity to golf clubs, shopping centers, and restaurants.
These parcels are situated in an opportunity zone that provides attractive tax incentives. The Opportunity Zones Enhancement Act of 2024 encourages tax-paying banks to boost lending in communities within Opportunity Zones. This not only reduces borrowing expenses for businesses, empowering them to flourish, but also allows banks to meet their Community Reinvestment Act (CRA) requirements, as highlighted on Barr.house.gov.
Furthermore, upcoming projects stand to gain advantages from the LIVE LOCAL ACT, which provides reduced rates for developers, establishes government partnerships, and extends incentives for down payments as well as assistance with closing costs for buyers.
7 vacant parcels with completed sitework, infrastructure and parking. Vacant parcels are SITE PLAN APPROVED for 7 buildings with a 84-unit capacity. There’s also an additional +/- 3 acre developable land inclusive with the sale. The property is situated 10 minutes from beautiful Downtown Ft. Myers and a short ride to area beaches. It’s also in close proximity to golf clubs, shopping centers, and restaurants.
These parcels are situated in an opportunity zone that provides attractive tax incentives. The Opportunity Zones Enhancement Act of 2024 encourages tax-paying banks to boost lending in communities within Opportunity Zones. This not only reduces borrowing expenses for businesses, empowering them to flourish, but also allows banks to meet their Community Reinvestment Act (CRA) requirements, as highlighted on Barr.house.gov.
Furthermore, upcoming projects stand to gain advantages from the LIVE LOCAL ACT, which provides reduced rates for developers, establishes government partnerships, and extends incentives for down payments as well as assistance with closing costs for buyers.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,600,766 CAD | Lot Size | 6.54 AC |
| Price Per AC | $550,575.84 CAD |
| Price | $3,600,766 CAD |
| Price Per AC | $550,575.84 CAD |
| Lot Size | 6.54 AC |
In addition to the 7 lots there is roughly a 3 acre vacant land with potential for additional multifamily development.
DESCRIPTION
Exceptional shovel-ready multifamily development opportunity located in the rapidly growing Cape Coral market. This offering includes site plan–approved lots designed for 7 multifamily buildings totaling 84 residential units. All entitlements and approvals are in place, allowing a developer to immediately move forward with construction and accelerate project timelines.
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CONTACTS
-
Jaime' Oldenborg -
Chris Belland -
Jeremiah Baron & Co Commercial Real Estate, LLC
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1015-1055 Hancock Creek S blvd - Pine Key Multifamily Shovel-Ready Lots
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