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3926 Kismet Pky 17 Acres of Residential Land Offered at $6,860,000 in Cape Coral, FL 33993
INVESTMENT HIGHLIGHTS
- Up to 238 units plus 4 acres commercial. Price negotiable for a qualified buyer. Possible rolling options. Possible ten 1.3 acre tracts. Will Divide.
EXECUTIVE SUMMARY
Terms: Cash or 30% down with interest only for 3 to 5 years. Seller will be creative for the right buyer ie possible rolling options.
Will Divide: Seller will cut off part or all of the multi-family land and keep the commercial or vice versa.
Site: Southwest Corner of Old Burnt Store Road and Kismet Parkway
Zoning: Neighborhood Commercial allows for Multi-Family and or Commercial Development plus many other uses.
Density: 238 units up to 16 units per acre.
Utilities: North 3 as per completion of City utilities 2025.
Location: This is a prime location on the corner of Kismet Parkway and Old Burnt Store Road.
Acreage: 17 acres intact. Large parcels in Cape Coral are very hard to come by due to having to assemble many lots to accomplish this large of a site.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $6,860,000 | Lot Size | 17.00 AC |
| Price Per AC | $403,529.41 |
| Price | $6,860,000 |
| Price Per AC | $403,529.41 |
| Lot Size | 17.00 AC |
Price Reduction from $7,500,000. to $6,860,000. ie $9.00/sf for 17.5 ac corner site for Multi-Family and / or Commercial. Up to 238 units plus 3 acres commercial. May consider rolling options
DESCRIPTION
Price Reduction from $7,500,000.to $6,860,000. ie $9.00/sf for 17.5 acre corner site at Kismet Parkway West and Old Burnt Store Road. Multi-Family and or Commercial along with many other uses. Seller will take cash or 30% down and interest only for 3 to 5 years. Seller will be very creative in making a sale happen ie possible rolling options. Seller might consider selling just the multi-Family and keep the commercial or vice versa. Neighborhood Commercial zoning ie up to 238 units ie 16 units per acre. The City of Cape Coral wants at least 15% of the 17 acres to be commercial which allows a buyer latitude in going heavy on multi-family or heavy on commercial. Possibilities: This is the kind of offering where a serious qualified buyer can get the kind of deal written on the back of a restaurant napkin which are always the best deals for the buyer and the seller......
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $269,697 | |
| Land Assessment | $160,329 | Total Assessment | $820,058 |
PROPERTY TAXES
Presented by
Sarah Helmerich
3926 Kismet Pky
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