The Real Deal Miami

Four vacant parcels in Cape Coral hit the market with a $12M asking price

The parcels total 21.14 acres and are zoned for multifamily, commercial and mixed-use development
November 18, 2018 12:40PM

Four Corners in Cape Coral

Four vacant parcels of land in Cape Coral are listed for sale with an asking price of $12 million, or about $567,000 per acre.

The parcels at 4128-4233 Agualinda Boulevard in Cape Coral total 21.14 acres and are zoned for multifamily, commercial and mixed-use development. The land is cleared and filled to grade.

Four Corners CC, LLC, and The Stephen W. Haywood Revocable Trust own the parcels, known as Four Corners.

“Four Corners is the only commercially zoned property primed for development within a two- to five-mile radius, presenting an investor-developer virtually no competition,” Rosendo Caveiro, a senior vice president of brokerage firm Avison Young, said in a prepared statement. “Multifamily and commercial development in Cape Coral-Fort Myers have not kept pace with the area’s growth.”

Caveiro also said the Four Corners site could accommodate a multifamily housing development with as many as 400 rental units “and still have additional acreage for commercial development.”

Caveiro and Avison Young senior director Dan E. Gorczycki will oversee the marketing and collective sale of the parcels. – Mike Seemuth