UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026027499
HOA Y/N No
Annual Tax Amount $4,869
Tax Year 2025
Lot Size 0.688 Acres
Acres 0.688
Lot Dimensions Appraiser
Property Sub-Type Commercial
Property Description
This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. 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. Whether you're 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.
Buyers have options:
1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing
2) Use Curran Young and the current construction estimate: $250/sf.
Pre-construction pricing is subject to change. Specifications, features, and availability may be modified prior to contract. 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 Cc21 - Cape Coral Unit 3, 30, 44, 6
Direction Southwest
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features Non- Gated, None
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
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
Faces Southwest
Sewer Assessment Paid
Water Assessment Paid
Others
HOA Fee Include None
Senior Community No
Tax ID 11-45-23-C4-01700.0390
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