The Subject Properties are in a quality location and PRICED UNDER MARKET. Property is located near the intersection of Del Prado and US 41 / Tamiami Trail. The City of Cape Coral is 115 square miles and is the third largest city, geographically, in Florida. With more than 400 miles of waterways, including 222 miles of salt-water access canals, and 31 miles of shoreline surrounding the City, Cape Coral has become one of the most attractive and affordable lifestyle communities in Southwest Florida. The property is part of Entrada, a development situated on Cape Coral's major thoroughfare, Del Prado Blvd. 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. The Cape Coral / Fort Myers MSA is one of the fastest growing in the Country and should be expected to become a focal point for commercial development related to this growth. The Subject Parcels are each well positioned for commercial development of different kinds. 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 the 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 considering financial, tax and development incentives. The Subject Property is in a quality location and PRICED UNDER MARKET. The property is located near the intersection of Del Prado and US 41 / Tamiami Trail. The City of Cape Coral is 115 square miles and is the third largest city, geographically, in Florida. With more than 400 miles of waterways, including 222 miles of salt-water access canals, and 31 miles of shoreline surrounding the City, Cape Coral has become one of the most attractive and affordable lifestyle communities in Southwest Florida. The property is part of Entrada, a development situated on Cape Coral's major thoroughfare, Del Prado Blvd. With strong commercial development surrounding Del Prado, US 41, and the nearby Pine Island corridor, it is likely to be even more attractive to residential development. The Cape Coral / Fort Myers MSA is one of the fastest growing in the Country and should be expected to become a focal point for commercial development related to this growth. The Subject Parcel is well positioned for commercial development of different kinds
