Pine Island Waterfront Residential Development Opportunity!

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 29620074
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 8.04 Acres
Sale Price: $8,900,000
Unit Price: $1,106,965 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2021

Overview / Comments

8.04 Acres of generally vacant land zoned C-2 (Lee County) located at the northern end of Pine Island known as Bokeelia. Fantastic waterfront property! The property has about 660' of frontage on Charlotte Harbor along Main Street to the north and about 735' of seawalled waterfront on Black Bay with 85 vested wet slips. The property includes a 375' fishing pier into Charlotte Harbor and has three slips and about 8' water at low tide. The property includes about 8,497 SF of submerged land owned by the seller beneath the fishing pier. A 5,000 square foot restaurant is on the north end of this property and is leased. A 1,000 square foot single family home and a 1,440 square foot metal shed is located on the southeastern portion of the property.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 25-43-21-00-00006.0000
Market Type: Medium
Property Located Between: Main Street & Main St
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Area Description: South side of Main Street at the very Northern tip of Pine Island. The most beautiful piece of waterfront property in Southwest, Fl.
Available Utilities: Electric, Water

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 252 2,635 3,807
Median Age: 65.12 55.37 54.68
Households: 131 1,226 1,784
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