3926 Kismet Pky 17 Acres of Residential Land Offered at $6,860,700 in Cape Coral, FL 33993

Great development opportunity. One of the few large commercial parcels in NW Cape, a rapidly growing area with newer construction. Utility connections scheduled for completion in 2028. The future land use district, CAC, and the NC (Neighborhood Commercial) zoning district permit the range of commercial uses and multi-family development. NC permits 100% of free standing commercial at a 1 FAR (Floor Area Ratio), free standing multi-family (15% to 85% of the Property) at a density of 12 du/acre to 16 du/acre and compound buildings (a mix of commercial and multi-family) at 2 FAR are permitted. A boating community with higher than average household incomes, over $105,000 within a 1 mile radius and over $93,900 within a 5 mile radius. The population within a 5 mile radius is just under 55,000 and over 200,000 within a 10 mile radius. The Seven Island project, less than 2 miles directly south of the Property, is on track for a large mixed use development which will include a hotel, retail, restaurants, multi-family, and a marina. Owner financing is also available for qualified buyers.