This highly desirable property is in the process of annexation and rezoning to Commercial Corridor It will be rezoned to a density of 25 units per acre.The front 250 feet of depth has to be commercial. The rezoning is expected to be completed in December or January.It is adjacent to where Lee Health is planning a 450 bed hospital and a Super Wallmart.There are very few sites remaining on Pine Island Road to build multifamily Cape Coral is one of the fastest growing areas in the Country.