1308-1326 SW 47th Terrace $2,900,000

Premium 3 Acre site on Cape Coral PKWY West, just East of Chiquita Blvd. Unquestionably the best and last remaining 3-acre Multifamily site in all of Cape Coral. The seller rezoned this parcel from RML to RMM thereby increasing the density from 16/DU per acre to 25/DU per acre. Utilities are in and ALL assessments have been paid. A city of Cape Coral site plan has been approved for 72 units on this site. This site is situated in the highest $$ demographic area in all of Cape Coral, less than a 5-minute drive to Cape Harbor and Tarpon Pointe to enjoy Rumrunners, Fathoms, High Tide Social, Gather, Next Door and the Westin!!! Also, a 1-minute drive to Lobster Lady and 239 Prime. Seller financing will be considered to a qualified buyer if needed.

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