UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026024881
HOA Y/N No
Annual Tax Amount $5,978
Tax Year 2025
Lot Size 1.033 Acres
Acres 1.033
Lot Dimensions Appraiser
Property Sub-Type Commercial
Property Description
Entitled land with approved plans for a mixed-use development featuring workforce housing apartments and commercial space. This property is zoned C1 (confirm zoning for your uses). The project includes 70 workforce housing apartments and 8,300 square feet of versatile commercial space in a six story building. This property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. 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 Coral's AMI is $88,800.
Buyers have options:
1) Acquire the entitled lot ($1.65M) and building plans to build under their own contractor and financing
2) Use Curran Young and the current construction estimate we have. 60k sf x $200/sf = 12M
Specifications, features, and availability may be modified prior to contract with Curran Young.
Property is currently undeveloped and not subject to any lease or rental agreements.
Buyer is responsible for securing any future tenants or rental arrangements.
Location
State FL
County Lee
Community Cape Coral
Area Cc12 - Cape Coral Unit 7-15
Direction Southeast
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features Non- Gated
Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
Amenities Available None
Waterfront Description None
View Y/N Yes
Water Access Desc Assessment Paid
View City
Present Use Commercial,Multi-Family,Mixed Use
Garage No
Building
Lot Description Multiple lots, Oversized Lot, See Remarks
Faces Southeast
Sewer Assessment Paid
Water Assessment Paid
Others
HOA Fee Include None
Senior Community No
Tax ID 06-45-24-C3-00526.0760
Acceptable Financing All Financing Considered, Cash, 1031 Exchange
Disclosures Deed Restriction, Owner Is Listing Agent
Listing Terms All Financing Considered, Cash, 1031 Exchange
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Broker / Team Leader | License ID: BK3449476
Broker / Team Leader License ID: BK3449476