430 Sw 47Th Ter, Cape Coral, FL 33914
For Sale $1,400,000
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Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida’s Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Seller financing is available. Whether youre a developer or investor seeking to contribute to Cape Coral’s workforce housing solutions while capturing long-term value, this property is ready for action.
None
Taxes: $64,308.00
Tax Year: 2023
Y
MLS Area: Cc21 - Cape Coral Unit 3, 30, 44, 6
Water: Assessment Paid
Date Listed: 2024-07-02 19:13:53
Garage Spaces: 0
Irrigation: None
Sewer: Assessment Paid
Lot Desc.: Multiple Lots, Oversized Lot, See Remarks
Amenities: None
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com
Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida’s Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Seller financing is available. Whether youre a developer or investor seeking to contribute to Cape Coral’s workforce housing solutions while capturing long-term value, this property is ready for action.
Property Details
Price: $1,400,000
City: Cape Coral
County: Lee
Type: Commercial
Development: Cape Coral
Acres: 0.69
Listing Number: 224056208
Status Code: A-Active
Taxes: $64,308.00
Tax Year: 2023
Garage:
Amenities:
None
Financial Information:
Taxes: $64,308.00
Tax Year: 2023
View:
Y
Additional Information:
MLS Area: Cc21 - Cape Coral Unit 3, 30, 44, 6
Water: Assessment Paid
Date Listed: 2024-07-02 19:13:53
Garage Spaces: 0
Irrigation: None
Sewer: Assessment Paid
Lot Desc.: Multiple Lots, Oversized Lot, See Remarks
Amenities: None
Map of 430 Sw 47Th Ter, Cape Coral, FL 33914
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com