Colliers, as the exclusive advisor to the owners, is pleased to announce the sale of two (2) parcels of land located along SW Pine Island Road in the Cape Coral area of Lee County. The larger parcel has an area of 18.19 acres, while the smaller parcel covers 4.55 acres. Lee County has designated the parcels as AG-2 - Agricultural and identified them as being “Rural” lands in Lee County’s Future Land Use.
This is an exceptional opportunity to purchase an asset in fast-growing SW Cape Coral. The limited commercial frontage asset and barriers to entry in this submarket provide a solid foundation for investors seeking stability and paths for future development.
The two (2) parcels are located directly off of SW Pine Island Road, which has an annual average daily traffic count (AADT) of 22,500 (FDOT, 2022). Pine Island Road is the city’s northernmost relevant east/west arterial and is the primary access road to nearby Pine Island. Development along Pine Island Road is some of the newest in the Cape Coral area.