|Price/Rent PSF||$ 5,995,000.00|
The Subject Property is located at the intersection of Del Prado and US 41/Tamiami Trail with . While the area sometimes is identified as North Ft. Myers, the Subject is actually located within the eastern boundary of the City of Cape Coral. Given the site serves as an “Entrance” to the City, there is significant interest from the City of Cape Coral in the development of this area. Further, certain entry improvements were previously made to provide such a look. The City of Cape Coral is 115 square miles, and is the third largest city, geographically, in Florida. Cape Coral was founded in 1957 and incorporated in 1970. Today, it is considered one of the more affordable communities with so much water access. The City has more than 400 miles of waterways, including 222 miles of salt-water access canals. There are 31 miles of shoreline surrounding the City.
Property is part of Entrada, a development situated on Cape Coral’s major thoroughfare, Del Prado Boulevard and regarding which there are plans for extension so as to create an interchange connection on nearby Interstate 75 going northward through Florida and into the Midwest of the U.S.A.
Adjacent to planned communities that have 3000 homes approved for construction.
At about 2 ½ miles from the new Regional Veterans Administration Clinic (opening in 2012) and the new Veterans Investment Zone in which the new business projects have grown from 6 last year to over 100 this year. The new clinic is expected to boost jobs and the economy in the area!
The county may offer financial, tax and business incentives.