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Multi Family Condos & Shovel Ready Lots

Hancock Creek S Blvd, Cape Coral, FL, 33909
For Sale

Property Details

  • Price: $6,567,000
  • Property Type: Development, Land, Multi-Family, Residential Income Property
  • Availability: Available
  • Transaction Type: For Sale
  • Lot Size: 10.56 AC
  • Year Built: 2007
  • Zoning Description: Corridor District
  • Units: 15

Property Description

Multi Family Condos & Shovel Ready Lots

  • Exceptional income producing purchase opportunity consisting of 15 residential condo units featuring 2-bedroom and 2-bathrooms totaling 1,200 sf accompanied by 7 vacant parcels with completed sitework, infrastructure and parking.
  • Vacant parcels are SITE PLAN APPROVED for 7 buildings which would host an additional 56 units.
    Located in one of Florida’s most desirable areas, this resort style property features a large pool, jacuzzi & clubhouse in addition to its rare development opportunity.
  • The property is positioned 10 minutes from beautiful Downtown Ft. Myers and a short ride to area beaches. It’s also in close proximity to golf clubs, shopping centers, and restaurants.
  • Property is located in a Florida Opportunity Zone which provides tax incentives, including temporary deferrals on capital gains taxes when investors reinvest those gains in qualified Opportunity Funds.

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Financial Summary

Investment Highlights

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