148 Cape Coral PKWY W
CAPE CORAL, FL 33914

$1,298,000

Type: Lots / Land
Listing #2026030826
**Exceptional Multifamily Development Opportunity!** Rare chance to acquire a prime development site in one of Cape Coral's fastest-growing corridors. This property is planned for a **14-unit multifamily project** consisting of **two 7-unit buildings**, with significant pre-development work already completed. The project includes substantial engineering, planning, and entitlement progress, offering a valuable opportunity for developers looking to accelerate the development process. Ideally located on Cape Coral Parkway West, the property is just minutes from Cape Harbour, Tarpon Point Marina, shopping, restaurants, entertainment, and provides convenient access to the Cape Coral Bridge and Fort Myers.This property is ideally positioned to meet the growing demand for quality multifamily housing in Southwest Florida. A comprehensive Offering Memorandum (OM), including project details, development status, engineering progress, and additional supporting information, is available in the Listing Attachments section of the MLS.Buyers and their representatives are encouraged to review all attached documents and verify all information with the City of Cape Coral regarding zoning, permitted uses, approvals, and development requirements.
Property Features
Location Information
County: Lee
Development: CAPE CORAL
MLS Area: CC21 - Cape Coral Unit 3, 30, 44, 6
Community: No Subdivision
Latitude: 26.562491
Longitude: -81.97659
Subdivision: CAPE CORAL
Exterior Features
Utilities On Site: Sewer Connected, Water Connected
Irrigation: Assessment Paid, Central
Lot Description: Oversize
Lot Size in Acres: 0.92
Possible Best Use: Multi-Family, Residential
Best Use: 00-Vacant Residential
Rear Exposure: W
Waterfront Description: None
Additional Information
Property Type: LL
Status: Active
Restrictions: None/Other
Tax Year: 2025
Tax Amount: $2,964.35
Master HOA Fee: $0
Original List Price: 1298000


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of: Realty 365 Inc Co-listing agent:
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The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Sposen Signature Homes LLC are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2026 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Southwest Florida data last updated at August 18, 2026, 9:16 AM ET