24 Door Fronts $75,000 Each 6 Fully Entitled Building Pads

Vacant Land for Sale
Catylist Listing ID: 30851486
Property Subtypes: Multi-Family
Gross Land Area: 2.50 Acres
Sale Price: $1,800,000
Unit Price: $720,000 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2023

Overview / Comments

24 Door Fronts $75,000 Each 6 Fully Entitled Building Pads

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 6 Four-Plex Buildings, 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 in build at $75,000, 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: 04452200000101000
Zoning: RM2

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,021 9,693
Median Age: 67.16 51.32
Households: 567 4,306


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