FL > Cape Coral > Cape Coral
Cape Coral, FL 33914,430 SW 47th TER
Cape Coral, FL 33914,430 SW 47th TER
Cape Coral, FL 33914,430 SW 47th TER
Cape Coral, FL 33914,430 SW 47th TER
Cape Coral, FL 33914,430 SW 47th TER
Cape Coral, FL 33914,430 SW 47th TER
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Jorel Kilcullen

Jorel Kilcullen

RE/MAX Connections II

+1(815) 790-4276
$ 1,450,000
Est. payment | /mo

0.69 Acres Lot

Save
$ 1,450,000
Est. payment | /mo
Save

0.69 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial

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

Lot Dimensions Appraiser

Property Sub-Type Commercial

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

Community Cape Coral

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

Rooms

Bedroom Description NaN

Interior

Fireplace No

Exterior

Community Features Non- Gated

Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available

Amenities Available None

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, See Remarks

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, Owner May Carry

Listing Terms All Financing Considered, Cash, 1031 Exchange, Owner May Carry

Listed by Coast Life Properties LLC • Kyle Doyon
agent-avatar

+1(815) 790-4276

jorelkilcullen@gmail.com

402 East Grant Highway, Marengo, IL, 60152, United States

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