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131 SW 16th Pl

Cape Coral FL 33991

19998 sq. ft.
Land
Currently for sale - view listing

Overview

This double commercial lot in Cape Coral, FL, presents a unique investment opportunity with approved architectural plans for an 8-unit boutique hotel. The ?6, 600 sq ft two-story hotel is designed to offer high-end accommodations with each unit featuring a kitchenette and private balcony. The property includes amenities such as a pool and barbecue area, and the site?s prime location on a major boulevard provides excellent visibility and access. With the city?s Site Development Plan approval in place and a general contractor secured, the project is ready for construction, with an estimated completion timeline of 8 months from contract signing. This turnkey offering includes the lot, architectural plans, and all development rights, providing a rare chance to bring a fully planned hospitality project to life in a rapidly growing market.

Features

19998 sq. ft. lot size
Land

Property history for 131 SW 16th Pl

2021
Sold
$23,000
13 Jan 2021 by Luis Vera, of Verstige Realty Group, LLC
2020
Sold
$18,000
28 Aug 2020 by Marianne Festa, of VIP Realty Group Inc
2017
Sold
$9,000
20 Dec 2017 by Mike Canzano, of Premiere Plus Realty Company

Happy sellers in Cape Coral

72%
72% of sellers in Cape Coral reported that their sale price either exceeded or met their price expectations.

Cape Coral stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Cape Coral over the last 12 months.

Local market activity for land plots in Cape Coral

In the last 12 months, 133 land plots similar to 131 SW 16th Pl, have been sold.

This represents a 39% increase in land plots sales when compared to the previous 12 months.

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