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522 522-594 Atlantica Pine Circle Cir - Commercial Land Pine Island Road 18.96 Acres 18.96 Acres of Commercial Land Offered at $11,705,350 CAD in Cape Coral, FL 33991

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Investment Highlights

Buildable commercial parcel along the Pine Island Road Corridor.
Extensive site planning information available.

Access to both existing and growing population areas within Cape Coral.

Executive Summary

18.96 acres of commercial land on Pine Island Road, located on the north side of Pine Island Road between Chiquita Blvd and Burnt Store Road. Within close proximity to SW and NW Cape Coral, these prime boating areas within the Cape boast some of the highest household incomes. Within 1 mile of the property the median household income is $94,468. Daily traffic volumes are in excess of 40,000. A site plan was approved for the Atlantica class A multi-family community which includes 380 units, a club house and other amenities. These plans are available, along with extensive site data such as: alta survey, geo tech data, environmental assessments, SFWMD approvals, and other data.

Flyer Pine Island Rd 18.96 Acres

Cape Coral Permitted Uses

Property Facts

Price	$11,705,350 CAD	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Commercial Multifamily
No. Lots	1	Total Lot Size	18.96 AC
Property Type	Land	Cross Streets	Pine Island Road
Zoning	Corridor CC - The property lies within the Pine Island Road Corridor Land Use District zoned Corridor CC, which permits the range of commercial uses and MF.

Price	$11,705,350 CAD
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily
Total Lot Size	18.96 AC
Cross Streets	Pine Island Road
Zoning	Corridor CC - The property lies within the Pine Island Road Corridor Land Use District zoned Corridor CC, which permits the range of commercial uses and MF.

1 Lot Available

Lot

Price	$11,705,350 CAD	Lot Size	18.96 AC
Price Per AC	$617,370.78 CAD

Price	$11,705,350 CAD
Price Per AC	$617,370.78 CAD
Lot Size	18.96 AC

Great development opportunity - 18.96 acres commercial land fronting Pine Island Road, Cape Coral's premiere big box corridor. Located within the Corridor District the range of commercial uses and multi-family are permitted.

Description

This is one of the last remaining large parcels along the Pine Island Road Corridor. Designed as a pre-platted residential community, there is a limited amount of commercial land to service its growing population, currently at 236,000 and projected to exceed 400,000 at full buildout. Located within the Corridor district, the range of commercial uses: retail, office, medical, hotels & hospitality, flex office warehouse and community facility uses are permitted at a 1.5 floor area ratio (FAR). Multi-family at 25 units/acre is also permitted. A site plan was approved by the City for a 380 multi-family class A development known as Atlantica. The plans and related information are available. Extensive site planning information is available: alta survey, geo tech data, completed Phase I, no Phase II needed, environmental assessment, agreement with FDOT regarding access, and SFWMD approval. The property also includes 2818 Ceitus Pkwy, which provides access to Ceitus Pkwy as well as Pine Island Road. Daily traffic exceeds 40,000.

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