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Mixed-Use Land for Sale in Cape Coral, Florida

53 NE Pine Island Rd, Cape Coral, FL 33909

$2,750,000
3.5 acres
Active
Est $19,729/mo

Perfect Development opportunity in Cape Coral. Located in a highly sought out Opportunity Zone area of the city along Pine Island Rd. There is tremendous growth happening and many major commercial projects currently taking place on Pine Island Rd that makes this an excellent opportunity to buy one of the last available land parcels to build your next commercial project on. Due to this property being situated within the Opportunity Zone Development map of Lee County there are incentives attached that make this deal a great investment opportunity for any developer or investor. To the west of these parcels is a favorite area attraction, Gator Mike's Family Fun Park. Gator Mike's Family Fun Park is a premier family adventure park in the city of Cape Coral. It offers excursions for all ages, such as miniature golf, a zip line, rock climbing, go-cart tracks, bumper boats and an arcade. This makes the vacant 3.5 acres ideal for a possible destination hotel or vacation resort as there is lots of fun to experience next door at Gator Mike's and a great restaurant to the south, a newly built Mellow Mushroom, making an ideal location along Pine Island Road, a major Commercial Corridor in the growing city of Cape Coral. On the west side of Gator Mike's, there is a planned 320+ unit Multifamily development project in the works. With another large scale multifamily project being planned to the east and adjunct to the 3.5 acres parcels making this ideal for a possible hotel with a convention center that Cape Coral is in great need of, along with mix use retail and/or medical, are some of the best use of these last vacant land parcels along the busiest commercial corridor in Cape Coral and Lee County. Currently the estimated traffic count is 54,000 and growing as commercial and residential projects are completed along the Pine Island Road commercial corridor. Total of vacant Land is 3.5 Acres of flat wooded uplands, Seller has completed and paid the EPA required permits for wetlands remediated to Uplands for all of the total 3.5 acres. Water, Sewer and Electrical utilities are hookup ready for your development plans. Legal descriptions are as follows: 1. Lee County Parcel ID: 12-44-23-C4-12000.0020 MELLOW CAPE VENTURES LAND CONDO A REPLAT OF A PORTION OF LOT 17 PB 9 PG 21 AS DESC IN INSTRUMENT 2023000309006 UNIT 2 2. Lee County Parcel ID: 12-44-23-C4-12000.0030 MELLOW CAPE VENTURES LAND CONDO A REPLAT OF A PORTION OF LOT 17 PB 9 PG 21 AS DESC IN INSTRUMENT 2023000309006 UNIT 3

Location

Street address
53 NE Pine Island Rd
Community
Cape Coral
Elevation
13 feet
Coordinates
26.6553, -81.9693

Directions

North on SR 41, Right on NE Pine Island Road, Property will be on your right and legal entrance is through Mellow Mushroom Restaurant entrance

Property details

Acreage
3.5 acres
MLS #
FMSW 225035564
Posted

Property taxes

2024
$11,514 - MELLOW CAPE VENTURES LAND COND

Parcels

  • 12-44-23-C4-12000.0020

Legal description

Details and features

Listing

Type
Commercial Sale

Lot

Features
Rectangular Lot

Structure

Water
Public

Listing history

DateEventPriceChangeSource
Apr 7, 2025New listing$2,750,000FMSW
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This 3.5-acre property is located at 53 NE Pine Island Rd in Cape Coral, FL 33909. The property is available for sale for $2,750,000 with a price per acre of $785,714.

Checked 44 mins ago — Updated

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