25.90 acres, fully entitled for the construction of 415 multi-family units. The sellers’ plans include final site construction drawings with active permits and much of the site construction completed. Additionally, the Seller has preliminary architectural drawings that have been reviewed by the City of Cape Coral.
The opportunity is to get to market quickly and be prepared for taking the next project to stabilization, capitalizing on our escalating rents, minimal vacancy and strong institutional demand.
Future Land Use: MF Multi-Family
Real Estate Taxes: $38,583 paid November 2018
City of Cape Coral water and sewer are to the site and stubbed
