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1015-1055 Hancock Creek S blvd - Pine Key Multifamily Shovel-Ready Lots
6.54 Acres of Commercial Land Offered at £2,682,600 in Cape Coral, FL 33909
Investment Highlights
- Gain full control of HOA
- Live Local Act opportunity
- Inclusive with sale is the clubhouse with pool and hot tub
Executive Summary
7 vacant parcels with completed sitework, infrastructure and parking. Vacant parcels are SITE PLAN APPROVED for 7 buildings with a 84-unit capacity. There’s also an additional +/- 3 acre developable land inclusive with the sale. The property is situated 10 minutes from beautiful Downtown Ft. Myers and a short ride to area beaches. It’s also in close proximity to golf clubs, shopping centers, and restaurants.
These parcels are situated in an opportunity zone that provides attractive tax incentives. The Opportunity Zones Enhancement Act of 2024 encourages tax-paying banks to boost lending in communities within Opportunity Zones. This not only reduces borrowing expenses for businesses, empowering them to flourish, but also allows banks to meet their Community Reinvestment Act (CRA) requirements, as highlighted on Barr.house.gov.
Furthermore, upcoming projects stand to gain advantages from the LIVE LOCAL ACT, which provides reduced rates for developers, establishes government partnerships, and extends incentives for down payments as well as assistance with closing costs for buyers.
Property Facts
| Price | £2,682,600 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.54 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £2,682,600 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 6.54 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £2,682,600 | Lot Size | 6.54 AC |
| Price Per AC | £410,183 |
| Price | £2,682,600 |
| Price Per AC | £410,183 |
| Lot Size | 6.54 AC |
A total of seven site plan approved vacant lots with an additional 3 acres of developable land. Situated in an opportunity zone.
Description
In addition to the 7 lots there is roughly a 3 acre vacant land with potential for additional multifamily development. The sale includes an existing pool/hot tub and clubhouse, enhancing the property’s appeal and providing value through added amenities, which can attract higher rents or sales premiums. The new owner will have full control of the HOA, allowing management of fees, rules, and common areas, which provides long-term operational control and potential additional revenue. The property offers significant value-add potential with site plan approval in place, saving time and costs, and opportunities for customization to increase property value and returns.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £564,151 |
PROPERTY TAXES
zoning
| Zoning Code | CC (Commercial Corridor) |
| CC (Commercial Corridor) |
-
Jaime' Oldenborg -
Power Broker Chris Belland -
Jeremiah Baron & Co Commercial Real Estate, LLC
Presented by
1015-1055 Hancock Creek S blvd - Pine Key Multifamily Shovel-Ready Lots
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