0 1302Cape Coral, FL 33990

Property Details for 0 1302

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity encompasses four contiguous lots totaling 40,992 square feet in desirable Cape Coral, Florida. Ideally situated for multifamily development, this property is zoned to allow the construction of four duplexes, resulting in a total of eight residential units. The lots are conveniently located with easy access to Country Club Blvd, Cultural Parkway, and Nicholas Parkway, offering excellent connectivity and visibility. A significant advantage is the property's location outside of any designated flood zone (X-500), mitigating potential flood-related risks and reducing insurance costs. All necessary infrastructure is in place, with water and sewer services readily available and all associated assessments fully paid, eliminating upfront infrastructure expenses. Each lot possesses its own individual strap number, simplifying the development process. This combined offering presents a rare chance to acquire a substantial parcel of land perfectly suited for immediate development, promising a strong return on investment. The asking price for all four lots is $850,000. The property is located at 1302 in Cape Coral, Lee County, Florida, zip code 33990.

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.6273

Longitude

-81.9426

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