430 SW 47th TER, Cape Coral, FL 33914 - MLS#224056208

Additional details

Randall Carey

randallcareybroker@chime.me +1(651) 494-4000

$1,450,000

Est. payment - /mo

0.69 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Lot

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 224056208

Annual Tax Amount $64,308

Tax Year 2023

Lot Size 0.688 Acres

Acres 0.688

Property Sub-Type Commercial Lot

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 Cc21 - Cape Coral Unit 3, 30, 44, 6

Zoning CP

Exterior

Community Features None, No Subdivision, Non-Gated

Utilities Available Electricity Available, Sewer Available, Trash Removal, Water Available

Waterfront Description None

View Y/N Yes

View City

Present Use Commercial,Mixed Use,Multi_MF

Street Surface Paved

Private Pool No

Building

Lot Description 5 Plus Lots, Oversize

Sewer Assessment Paid

Water Assessment Paid

Others

HOA Fee Include None

Tax ID 11-45-23-C4-01700.0390

Acceptable Financing Buyer Finance/Cash, Exchange, Owner Will Carry

Listing Terms Buyer Finance/Cash, Exchange, Owner Will Carry

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Listed by Coast Life Properties LLC • Kyle Doyon

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Pelican, Cape Coral, FL

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Randall Carey

+1(651) 494-4000

Brokerage | License ID: 20594868

Brokerage License ID: 20594868

430 SW 47th TER Cape Coral, FL 33914

Randall Carey

Key Details

Location

Exterior

Building

Others

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