Very unique opportunity with tremendous value in Cape Coral, Florida!
Cape Coral has been growing exponentially for years and consequently the need for housing has too. The housing supply has not kept up with the demand and has created a unique opportunity for higher density developments.
5 parcels available in Northeast Cape Coral. Located off De Navarra Parkway and East Gator Circle, they have a combined 32.97 acres. They have an approved density of 16 units per acre. We have hired an engineer and are working with the city to reduce the largest parcel (20.4 Acres) to below 20 acres. This will effectively eliminate the need for a PUD. The 1.33-acre parcel on the corner of East Gator Circle and De Navarra Parkway has great commercial potential.
These sites need very little work as they are almost entirely cleared and have water/sewer/irrigation within 100 feet (see attachment ‘Exhibit B’). This is a prime location. A large portion of the property is adjacent to Island Coast High school. In addition to being situated near multiple large-scale developments it is in closely approximated to Del Prado, US 41, and I-75.
Attached is Deal memo titled ‘Marketing’. It outlines the properties in further detail. ‘Exhibit C’ breaks down the price by square foot, acreage, density, and pricing per door. You can view the parcels, surrounding developments, and new home permits visually in the ‘Exhibit A’ attachment.
Sale Price: $2,000,000. To break that down that equals: $68,243.86 per Acre, $4,265.24 per door, and $1.57 per sq.ft. With the approved density at 16 doors an acre and $10k a door that puts the value of the property at over 5 million, a tremendous value to the right buyer.
There is Luxury Gated Community Apartments 1.5 miles away from the property. Please see image section and video. Also, file attached 32.97 Acres Developing Project
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