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$ 2,150,000
Est. payment | /mo
1.03 Acres Lot
$ 2,150,000
Est. payment | /mo
1.03 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 224056206
HOA Y/N No
Annual Tax Amount $60,000
Tax Year 2023
Lot Size 1.033 Acres
Acres 1.033
Source Florida Gulf Coast
Property Description
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses.
Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for 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 strong demand for workforce housing, this development offers a stable 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 Coral's AMI is $88,800. Seller financing is available.
Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for 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 strong demand for workforce housing, this development offers a stable 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 Coral's AMI is $88,800. Seller financing is available.
Location
State FL
County Lee
Area Cape Coral
Zoning C1
Interior
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Amenities Available None
Waterfront Description None
View Y/N Yes
View City
Present Use 10-Vacant Commercial
Street Surface Paved
Garage No
Building
Lot Description Oversize
Water Assessment Paid
New Construction No
Others
Senior Community No
Tax ID 06-45-24-C3-00526.0760
Listed by Coast Life Properties LLC • Kyle Doyon
720 5th Ave South, Suite 201, Naples, Florida, 34102, United States