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Cape Coral,FL 33914
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 224056208
HOA Y/N No
Annual Tax Amount $64,308
Tax Year 2023
Lot Size 0.688 Acres
Acres 0.688
Source Florida Gulf Coast
Property Description
Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. 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.
Seller financing is available.
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.
Location
State FL
County Lee
Area Cape Coral
Zoning CP
Interior
Fireplace No
Exterior
Utilities Available 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 11-45-23-C4-01700.0390