53 NE Pine Island Rd Cape Coral, FL 33909

This 3.5-acre property presents a development opportunity in Cape Coral, situated in a sought-after Opportunity Zone along Pine Island Road. The location benefits from significant commercial growth, with numerous major projects underway. The property's position within the Opportunity Zone offers potential incentives for developers and investors. Adjacent to the west is Gator Mike's Family Fun Park, a family adventure park featuring miniature golf, a zip line, rock climbing, go-cart tracks, bumper boats, and an arcade. To the south is a newly built Mellow Mushroom restaurant. A planned multifamily development project with over 320 units is underway on the west side of Gator Mike's. Another large-scale multifamily project is planned to the east, adjacent to the 3.5-acre parcels. The site is suitable for a destination hotel or vacation resort, potentially including a convention center, as well as mixed-use retail and/or medical facilities. The land consists of flat, wooded uplands. The seller has completed and paid for the EPA-required permits for wetlands remediation to uplands for the entire 3.5 acres. Water, sewer, and electrical utilities are ready for hookup. The property is identified by Lee County Parcel IDs 12-44-23-C4-12000.0020 and 12-44-23-C4-12000.0030. The estimated traffic count is 54,000 and growing along the Pine Island Road commercial corridor.