53 Ne Pine Island Rd, Cape Coral, FL 33909

This 3.5-acre parcel of vacant land presents a development opportunity in Cape Coral, situated within a designated Opportunity Zone along Pine Island Road. The property is positioned amidst ongoing commercial projects and benefits from incentives associated with its location within the Lee County Opportunity Zone Development map. 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 location is suitable for a destination hotel or vacation resort, potentially including a convention center, along with 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 comprises two parcels: Lee County Parcel ID 12-44-23-C4-12000.0020, and Lee County Parcel ID 12-44-23-C4-12000.0030. The estimated traffic count is 54,000 and growing along the Pine Island Road commercial corridor.