Home » Properties » 2942 NW 26TH ST, Cape Coral FL 33993

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2942 NW 26TH ST, Cape Coral FL 33993 - Prime Commercial Land

Vacant commercial land in NW Cape Coral with canal frontage, zoned for up to 6 multifamily units. Ideal for builders or investors.

$80,000

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MLS #A11863127

Listing Updated: 2026-07-13 18:35:11

Listed By: The Keyes Company

Overview

This prime commercial land located at 2942 NW 26TH ST in Cape Coral offers a unique development opportunity in a rapidly growing area. The property features canal frontage and is zoned RML, allowing for the construction of up to six multifamily units. Its location provides convenient access to Burnt Store Road and Tropicana Parkway, connecting you easily to local amenities, shopping centers, and boating access to the Gulf of Mexico. This lot is an excellent option for builders, investors, or anyone interested in developing a custom residential or multifamily project in Southwest Florida.

Property Highlights

Vacant lot with canal frontage, RML zoning for up to 6 units, located in NW Cape Coral, close to major roads and amenities, no HOA.

Property Details

City: Cape Coral

State: FL

Zip Code: 33993

Address: 2942 NW 26TH ST, Cape Coral FL 33993

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: The Keyes Company

County: Lee County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: Yes

Pool: No

HOA Fee: $0

Annual Tax: $1,143

Days On Market: 288 Days

Original Listing Description

6 unit Investment Opportunity Prime Land for Sale in Florida. Fantastic opportunity to purchase a vacant lot in a growing area of NW Cape Coral. This property offers a standard-sized residential lot ideal for building a custom single-family home. No HOA, Water front CANAL. Nearby access to Burnt Store Rd and Tropicana Pkwy. Close to local amenities, shopping, and boat access to the Gulf. Perfect for builders, investors, or anyone ready to build in beautiful Southwest Florida. Development opportunity zoning RML Allowing a Multifamily up to 6 Units

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

2942 NW 26TH ST, Cape Coral FL 33993

About This Neighborhood

Situated in a growing section of NW Cape Coral, this property benefits from a neighborhood that is expanding with residential and commercial developments. The community offers easy access to Burnt Store Road and Tropicana Parkway, facilitating convenient travel throughout Cape Coral and beyond. Nearby amenities include shopping centers and recreational boating facilities, contributing to a balanced lifestyle in a developing urban environment.

Walkability & Lifestyle

This property is near shopping centers, dining options, and recreational areas, contributing to a walkable lifestyle for future residents or tenants. The canal frontage adds scenic waterfront views and opportunities for boating enthusiasts. Proximity to major roads enhances accessibility to nearby beaches and parks, supporting an active and convenient lifestyle.

Things To Do Nearby

Residents and visitors in NW Cape Coral enjoy boating, fishing, and waterfront activities thanks to canal access. The area also offers shopping, dining, and entertainment options close by. Outdoor enthusiasts can explore nearby parks and beaches, while the local marina provides access to the Gulf of Mexico for boating and water sports.

Nearby Schools

The NW Cape Coral area offers access to various educational institutions within reasonable commuting distance. Families considering development or occupancy in this neighborhood will find schools that serve the community, supporting convenience for residents with children. The area's infrastructure supports easy travel to local schools.

Why Buyers Like This Area

Buyers appreciate this property for its combination of canal frontage, multifamily zoning, and location within a growing community. The absence of HOA restrictions offers flexibility for development. Its proximity to major roads and amenities makes it a practical choice for builders and investors aiming to create desirable residential units in Southwest Florida.

Investment Potential

This commercial land in NW Cape Coral presents a development opportunity with zoning that allows up to six multifamily units. The canal frontage adds appeal for potential residents seeking waterfront living. The area's growth and proximity to key roads enhance accessibility, making it attractive for builders and investors considering new projects in Southwest Florida. While the property is vacant, its location near shopping, boating, and other amenities supports diverse uses and tenant interest.

Market Trends

The Cape Coral real estate market continues to attract interest due to its expanding infrastructure and growing population. Vacant land with development potential, especially with multifamily zoning and waterfront access, remains sought after. The area's steady growth supports demand for new residential projects, making properties like this lot appealing for those looking to capitalize on long-term development opportunities.

Rental Income Potential

Given the zoning for up to six multifamily units and the canal frontage, this land could attract tenants interested in waterfront living. The location near major roads and amenities supports rental appeal, especially for seasonal residents or those seeking access to boating and shopping. While rental income is subject to market conditions, the property's features provide a foundation for potential tenant interest.