570 Ne 4Th Ter, Cape Coral, FL 33909
For Sale $1,200,000
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Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed. Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both 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 high demand for workforce housing, this development offers a strong 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. Buyers may select either of two paths: Acquire the lot and build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management upon delivery.Seller financing is available.
Taxes: $4,831.31
Tax Year: 2024
MLS Area: Cc31 - Cape Coral Unit 17, 31-36,
Water: None
Short Sale: No
Date Listed: 2025-10-12 13:26:43
Garage Spaces: 0
Irrigation: None
Restrictions: Deed Restrictions
Sewer: None
Lot Desc.: Multiple Lots, Rectangular Lot
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com
Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed. Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both 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 high demand for workforce housing, this development offers a strong 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. Buyers may select either of two paths: Acquire the lot and build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management upon delivery.Seller financing is available.
Property Details
Price: $1,200,000
City: Cape Coral
County: Lee
Type: Commercial
Development: Cape Coral
Acres: 0.69
Listing Number: 2025013387
Status Code: A-Active
Taxes: $4,831.31
Tax Year: 2024
Garage:
Total Recurring Fee Frequency: Annually
Financial Information:
Taxes: $4,831.31
Tax Year: 2024
Additional Information:
MLS Area: Cc31 - Cape Coral Unit 17, 31-36,
Water: None
Short Sale: No
Date Listed: 2025-10-12 13:26:43
Garage Spaces: 0
Irrigation: None
Restrictions: Deed Restrictions
Sewer: None
Lot Desc.: Multiple Lots, Rectangular Lot
Map of 570 Ne 4Th Ter, Cape Coral, FL 33909
Listing Courtesy Of: Coast Life Properties Llc
kd@coastlifecompanies.com