$1,800,000

BOOMING Location! 3.4 acres in a high traffic location accessible from 3 streets. Costco coming on the other side of the intersection with Pine Island Rd, plus WaWa and Chic-fil-a, and a 2nd full service hospital just down the road to start construction in 2027. A Super Walmart is expected to break ground any day just west of this site. All will greatly increase this site's potential in addition to the other existing commercial nearby and population growth in Cape Coral. Aldi's, Bob Evans Restaurant, Farmer Joe's Market, US Post Office, Daybreak Market/Gas, 7, ABC Liquor, 7-11, and several strip malls. Plus several chain restaurants, and more businesses are planned! Lee Health also recently bought nearby acreage to build a huge medical complex. Traffic from nearby businesses must drive by on front, back, and side roads to reach Pine Island Rd or Chiquita Blvd, as the City has restricted access to the rear of their businesses on Pine Island Rd and Chiquita Blvd. Plus plans are being made to widen both Pine Island Rd & Chiquita Blvd. SwFL has been named one of the top performing mid-sized office markets in the USA. This property is one of the few remaining commercial properties in this section of the Pine Island RD area. Local population is BOOMING! Cape Coral population to double in the next decade to 400,000 residents, plus nearby Punta Gorda has several new residential developments planned that will do business in Cape Coral because of its proximity! Latest daily traffic count 2024/2025 for the main road (Chiquita S) is 29,800 and GROWING! Though zoned as professional commercial, residential multifamily uses are possible under the Live Local Act, which relates to affordable housing in multifamily developments. City Utilities are available at site. missing parcel in the back side of the parcel is also available from a different owner, or instead build around. Lot dimensions are approximate and should not be considered accurate. City offers economic incentives and grants at www.capecoral.gov/departments/office_of_economic_business_development/business_assistance/incentives.php.