Multi-Family

Cape Summit 105

Listing Price: $2,100,000

Lot Size
4.22 acres
Price/Acre
$497,630
Land Type
Land
Buildable Square Feet
90,615

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Cape Summit 105 development opportunity located in Cape Coral, Florida. The subject is located just south of Pine Island Road and just west of Del Prado Boulevard, two of the busiest corridors in Cape Coral. Cape Summit 105 is comprised of 4.23 acres of land with the potential to develop 105 multifamily units. In addition, the site sits in a Qualified Opportunity Zone. Permits have been submitted at the City of Cape Coral and the property will be delivered with site plan approvals. The proposed project will have a total of five buildings with a total building area of 90,615 square feet. Four of the buildings will have three stories and the remaining buildings will have two stories. All the units will be two-bedroom/ two-bathroom apartment units. The units will have individual meters for water and electric.

Investment Highlights

  • Qualified Opportunity Zone Site
  • Well Located Parcel in the Heart of Cape Coral
  • Zoning and Site Plan Approved for 105 Units

Exclusively Listed By

Listing Price: $2,100,000

Lot Size
4.22 acres
Price/Acre
$497,630
Land Type
Land
Buildable Square Feet
90,615

Investment Highlights

  • Qualified Opportunity Zone Site
  • Well Located Parcel in the Heart of Cape Coral
  • Zoning and Site Plan Approved for 105 Units

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Cape Summit 105 development opportunity located in Cape Coral, Florida. The subject is located just south of Pine Island Road and just west of Del Prado Boulevard, two of the busiest corridors in Cape Coral. Cape Summit 105 is comprised of 4.23 acres of land with the potential to develop 105 multifamily units. In addition, the site sits in a Qualified Opportunity Zone. Permits have been submitted at the City of Cape Coral and the property will be delivered with site plan approvals. The proposed project will have a total of five buildings with a total building area of 90,615 square feet. Four of the buildings will have three stories and the remaining buildings will have two stories. All the units will be two-bedroom/ two-bathroom apartment units. The units will have individual meters for water and electric.

Exclusively Listed By

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