Listed for $12M, the rare opportunity at Agualinda Boulevard and Beach Parkway W intersection in the fastest-growing metro in the U.S. is up for grabs
Cape Coral, Fla. — Avison Young has been awarded the exclusive sale listing of Four Corners, a collection of four vacant land parcels totaling 21.14 acres at 4128-4233 Agualinda Blvd. in Cape Coral, Florida. The parcels, divided by the prominent Agualinda Boulevard and Beach Parkway W. intersection, are zoned for multifamily, commercial, and mixed-use development, offering an investor or developer the opportunity to capitalize on the outsized demand for multifamily and commercial properties in the fastest-growing metropolitan area in the U.S., according to Forbes.
Avison Young Senior Vice President Rosendo Caveiro and Senior Director Dan E. Gorczycki will oversee the marketing and collective disposition of the land parcels listed for $12 million on behalf of the seller, Four Corners CC, LLC, and The Stephen W. Haywood Revocable Trust.
“Multifamily and commercial development in Cape Coral-Fort Myers have not kept pace with the area’s growth,” said Caveiro. “Four Corners is the only commercially-zoned property primed for development within a 2- to 5-mile radius, presenting an investor-developer virtually no competition.”
Four Corners is ideally situated in an upper-middle-class neighborhood currently zoned as a Marketplace Residential District (MR) with A-rated public schools. Four Corners’ zoning offers excellent flexibility for the development plan for each corner. The land is cleared, filled to grade, and has utilities such as water, sewer, and irrigation to the site ready for potential development of mixed-use, residential, retail, sales/services, restaurants/cafés, offices, financial institutions, recreation facilities, and parking structures.
“Cape Coral is booming and offers a lower cost for prime multifamily land compared to larger cities,” continued Caveiro. “As the city is upzoning the area for multifamily development from 16 units to 25 units per acre, this is a superb opportunity to develop a Class A multifamily project of 375 to 400 rental units and still have additional acreage for commercial development,” added Caveiro.
The Cape Coral-Fort Myers Metro Area has grown rapidly over the past decade, and on a per capita basis, is the highest population growth metro in the nation over the past five years, signaling demand for significant residential unit development.
Avison Young provides best-in-class services to local, national and international clients while also networking with the firm’s other offices across the U.S. and Canada. For more information about Avison Young or current listings, please contact Mr. Caveiro at (305) 447-7868 or visit www.avisonyoung.com.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,700 real estate professionals in 85 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.