Cape Coral Development Opportunity
Description
This Cape Coral development opportunity offers one of the last remaining 3.5-acre land parcels available along the busy Pine Island Road commercial corridor in Cape Coral, Florida. Ideally located within a designated Opportunity Zone, this property presents significant upside for developers and investors seeking tax incentives, strong growth potential, and excellent visibility in one of the region’s fastest-expanding commercial areas.
Prime Location with Exceptional Growth
Positioned along Pine Island Road, a major commercial artery in Cape Coral, this 3.5-acre site sits amid major development activity and sustained population growth. The area continues to attract large-scale retail, residential, and mixed-use projects, making this property one of the last premium tracts available for high-impact commercial use. Its location within the Lee County Opportunity Zone provides substantial financial and tax advantages, enhancing long-term investment returns.
Surrounded by Strong Demand Drivers
To the west of the property lies Gator Mike’s Family Fun Park, a top family entertainment destination offering attractions such as miniature golf, go-carts, rock climbing, and zip lining—driving year-round local and tourist traffic. Directly to the south sits Mellow Mushroom, a popular dining destination, and nearby developments include a 320+ unit multifamily project to the west and another large-scale residential project to the east. These surrounding developments make this property ideal for a hotel, resort, or mixed-use project catering to both locals and visitors.
Ideal for Mixed-Use or Hospitality Development
With its zoning designation of CC (Commercial Corridor), the property supports a broad range of uses including hotel, retail, medical, or mixed-use commercial. The area’s strong traffic count of over 54,000 vehicles per day provides excellent exposure, while surrounding projects will continue to increase both foot and vehicular traffic. The site is particularly well suited for a destination hotel or convention center, which would meet growing hospitality needs in the Cape Coral market.
Ready for Immediate Development
The 3.5-acre parcel features flat, wooded uplands that have been fully remediated and permitted by the EPA for development. All essential utilities—water, sewer, and electric—are already in place, allowing for immediate construction. This shovel-ready condition minimizes development time and costs, offering a fast track to capitalize on the region’s rapid commercial and residential expansion.
Investment Highlights
- Located in Cape Coral, FL within a designated Opportunity Zone
- 3.5 acres along Pine Island Road, a high-traffic commercial corridor
- Perfect for hotel, retail, or mixed-use development
- Adjacent to major attractions – Gator Mike’s and Mellow Mushroom
- Surrounded by planned multifamily projects increasing demand
- EPA permits complete; land remediated to uplands
- Utilities ready – water, sewer, and electricity available
- High traffic exposure – approx. 54,000 vehicles per day
Address
-
Address Cape Coral, FL
-
Country United States
-
Province/State Florida
-
City/Town Cape Coral
Overview
- Property ID 14175
- Price $2,750,000
- Property Type Business, Development opportunities, Hotel, Industrial
- Property status For sale
- Size 152,460 SqFt
- Investment Type Value Add
- Keys 111
- Zoning CC (Commercial Corridor)
- Lot Size (acres) 3.5
- Broker Co-Op Yes
