4 Door Fronts $100,000 Each 1 Fully Entitled Building Pad

Vacant Land for Sale
Catylist Listing ID: 30851490
Property Subtypes: Multi-Family
Building Status: Proposed
Gross Land Area: 2.50 Acres
Sale Price: $400,000
Unit Price: $160,000 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2023

Overview / Comments

4 Door Fronts $100,000 Each 1 Fully Entitled Building Pad

Receive Building Permit In 7 Days After Purchase. Completely shovel ready for development, is now available in the desirable Villages Of Pine Island community. The property is subdivided and approved to build 1 Four-Plex Building, offering a prime opportunity for developers or investors to capitalize on the demand for new housing in the area. This development offers a unique concept with parceled cul-de-sacs, allowing for the construction of 4-plex condos. The plans have already been approved by the county, streamlining the process for prospective buyers. In addition, partial infrastructure is already in place, with only the extension of the mains required in some cases. The Villages Of Pine Island Development meets the new FEMA flood elevation requirements, ensuring the safety and compliance of the project. Each development wheel parcel has its own tax ID number, providing the flexibility to sell individual pads or the entire group. With a door front dirt value of $100,000, this property offers an attractive investment opportunity. Additionally, building permits can be obtained in as little as 7 days once impact fees are paid. Don't miss out on this exceptional chance to be a part of the thriving Villages Of Pine Island community. Contact us today to learn more and secure your future in this sought-after area. Ron Abboud is related to Seller.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 04452200000101240
Zoning: RM2
Property Visibility: Excellent
Part of Planned Development?: Yes
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,021 9,289
Median Age: 67.16 51.5
Households: 567 4,110


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