Property Details for 1015-1055 Hancock Crk Blvd

Lot size

6.54 lot acres

Property type

Land

Description

Exceptional opportunity to acquire 6.54 acres of shovel-ready multifamily land in Cape Coral, Florida, listed at $3,400,000. This prime location offers seven vacant, site-plan approved parcels ready for immediate development of 84 residential units across seven buildings. Complete site work, infrastructure, and parking are already in place, significantly reducing development time and costs. The property also includes an existing pool, hot tub, and clubhouse, providing valuable amenities to enhance rental income or resale value. Furthermore, an additional approximately three acres of developable land is included, presenting further expansion potential. The property is situated in Lee County, within the 33909 zip code, at 1015-1055 Hancock Creek S Blvd, and is conveniently located ten minutes from downtown Fort Myers and a short distance from area beaches, golf courses, shopping, and restaurants. The property is zoned CC and has APN numbers 04-44-24-C4-01133.A000 and 04-44-24-C4-01132.A000. The new owner will assume full control of the HOA, managing fees, rules, and common areas. This development benefits from its location within an Opportunity Zone, providing attractive tax incentives under the Opportunity Zones Enhancement Act of 2024, and is poised to benefit from the LIVE LOCAL ACT, offering reduced rates for developers and incentives for buyers. Owner financing and joint venture opportunities are available.

Location Insight

City

Cape Coral

County

Lee

State

Florida

Longitude

-81.9223

Latitude

26.6701