Property ID: 4376919 -
Property ID: 4376919
Type: Residential Property
Address: 3720 East Gator Circle
City: Cape Coral
Description: Listing ID: LC-1706-101791
Very unique opportunity with tremendous value in Cape Coral, Florida!
Cape Coral has been growing exponentially for years and consequently the need for housing has too. The housing supply has not kept up with the demand and has created a unique opportunity for higher density developments.
5 parcels available in Northeast Cape Coral. Located off De Navarra Parkway and East Gator Circle, they have a combined 32.97 acres . They have an approved density of 16 units per acre . We have hired an engineer and are working with the city to reduce the largest parcel (20.4 Acres) to below 20 acres. This will effectively eliminate the need for a PUD . The 1.33-acre parcel on the corner of East Gator Circle and De Navarra Parkway has great commercial potential .
These sites need very little work as they are almost entirely cleared and have water/sewer/irrigation within 100 feet (see attachment ‘Exhibit B’ ). This is a prime location. A large portion of the property is adjacent to Island Coast High school. In addition to being situated near multiple large-scale developments it is in closely approximated to Del Prado, US 41, and I-75.
Attached is Deal memo titled ‘ Marketing ’. It outlines the properties in further detail. ‘ Exhibit C ’ breaks down the price by square foot, acreage, density, and pricing per door. You can view the parcels, surrounding developments, and new home permits visually in the ‘ Exhibit A ’ attachment.
Sale Price: $2,000,000 . To break that down that equals: $68,243.86 per Acre, $4,265.24 per door, and $1.57 per sq.ft . With the approved density at 16 doors an acre and $10k a door that puts the value of the property at over 5 million, a tremendous value to the right buyer.
There is Luxury Gated Community Apartments 1.5 miles away from the property. Please see image section and video. Also, file attached 32.97 Acres Developing Project
Contact Us For More Details This information is deemed reliable, but not guaranteed. Neither (LandCentury.com nor their Associates) are responsible for the accuracy of the information. The buyer is responsible for verifying all information with the county. The land is being sold "as-is" with no warranties either expressed or implied as to the location, condition, accessibility, terrain, build ability, or information contained in this listing. Sizes advertised are approximate. Buyers are required to perform all due diligence prior to bidding. By buying you are acknowledging that you have completed all due diligence and that you understand legal commitment to purchase.
Contact Name: Land Century
Phone Number: 888-526-3932
Address1: 11555 Medlock Bridge Road
City: Johns Creek
NOTE: The information contained herein is provided as general information only and has been obtained
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expressed or implied, made by
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who specializes in land for sale, or any related entity, as to the accuracy
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should make their own investigations, projections and conclusions concerning the information.