3731 Se 15Th Pl, Cape Coral, FL 33990
For Sale $2,100,000
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Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents. With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Corals AMI is $88,800. Seller financing is available.
None
Taxes: $60,000.00
Tax Year: 2023
Y
MLS Area: Cc12 - Cape Coral Unit 7-15
Water: Assessment Paid
Date Listed: 2024-07-02 18:57:45
Garage Spaces: 0
Irrigation: None
Restrictions: Deed Restrictions
Sewer: Assessment Paid
Lot Desc.: Multiple Lots, Oversized Lot, See Remarks
Amenities: None
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents. With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Corals AMI is $88,800. Seller financing is available.
Property Details
Price: $2,100,000
City: Cape Coral
County: Lee
Type: Commercial
Development: Cape Coral
Acres: 1.03
Listing Number: 224056206
Status Code: A-Active
Taxes: $60,000.00
Tax Year: 2023
Garage:
Total Recurring Fee Frequency: Annually
Amenities:
None
Financial Information:
Taxes: $60,000.00
Tax Year: 2023
View:
Y
Additional Information:
MLS Area: Cc12 - Cape Coral Unit 7-15
Water: Assessment Paid
Date Listed: 2024-07-02 18:57:45
Garage Spaces: 0
Irrigation: None
Restrictions: Deed Restrictions
Sewer: Assessment Paid
Lot Desc.: Multiple Lots, Oversized Lot, See Remarks
Amenities: None
Map of 3731 Se 15Th Pl, Cape Coral, FL 33990
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com