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EverySWFLHome Team

info@realprorealestate.com +1(239) 299-8100

$995,000

Est. payment - /mo

0.69 Acres Lot

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Key Details

Property Type Vacant Land, Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 2026029090

HOA Y/N No

Annual Tax Amount $4,831

Tax Year 2024

Lot Size 0.689 Acres

Acres 0.6887

Lot Dimensions Appraiser

Property Sub-Type Commercial

Property Description

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. The property's design supports community impact, fostering a vibrant and integrated environment. 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 Coral's AMI is $88,800. 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 Cc31 - Cape Coral Unit 17, 31-36,

Direction Northeast

Interior

Furnishings Furnished

Fireplace No

Exterior

Community Features None

Utilities Available None, Sewer Not Available, Water Not Available

Waterfront Description None

Water Access Desc None

Present Use Commercial,Multi-Family

Garage No

Building

Lot Description Multiple lots, Rectangular Lot

Faces Northeast

Sewer None

Water None

Others

HOA Fee Include None

Senior Community No

Tax ID 12-44-23-C2-02378.0110

Acceptable Financing All Financing Considered, Cash, Owner May Carry

Disclosures Owner Is Listing Agent

Listing Terms All Financing Considered, Cash, Owner May Carry

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025013387

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Listed by Coast Life Properties LLC • Kyle Doyon

NEARBY SCHOOL & BUSINESS

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EverySWFLHome Team

+1(239) 299-8100

Broker / Team Leader | License ID: BK3449476

Broker / Team Leader License ID: BK3449476

570 NE 4th TER Cape Coral, FL 33909

EverySWFLHome Team

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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