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1013 Embers Parkway W, Cape Coral, FL

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1013 Embers Parkway W

Cape Coral, FL 33993 - Cape Coral Submarket

Property Type:Land Parcel Size:104 Acres
For Sale Price:$3,750,000 Price/Acre:$36,058 Price/SF:$0.83

Proposed Use:Mixed Use

On-Site Improv:Raw land

Just north of Cape Coral's major corridor, Pine Island Rd., with commercial andprofessional office to support this site for up to 1,351 multi-family units. Close to two major Lee County schools, Mariner High School and Mariner Middle School. Also close to this developable site is a library on Chiquita Blvd. Full packages available for Due Diligence investigation period. Offered at $6,500,000 (less than $4,800/unit). City water to site; city sewer close to site.
Embers Pkwy. & Nelson Rd. N., Cape Coral, FL. Lee County parcel ID: 10-44-23-C3-00006.0200 & .0250; 15-44-23-C2-03649.0010, .0150, .0170 & .0220.

Sale Notes:
Exceptional apartment development opportunity located in the heart of the Cape Coral growth corridor. Recent market studies have identified Lee County as the strongest apartment market in the State with occupancies exceeding 95%, escalating rents, and pent up demand for +10,000 new units over the next 3 years. This ±104 acre property is entitled for multi-family use and supports a Two-phase apartment program of approx. 690 total units (Ph I =360, Ph II =330) and enjoys direct access to Embers Lake Pwky. and Nelson Road. With seven existing lakes on site, future apartment residents will enjoy outstanding waterfront views, and outdoor lifestyle and water-sport amenity opportunities unmatched by competing communities. A truly unique opportunity for qualified apartment developers and one of the last remaining development parcels of size in the entire Cape.
North of Pine Island Road west of Nichols Pkwy

Fischler Property Company
Phil Fischler
(239) 895-1060

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