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$9,950,000
Est. payment /mo
42,904 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 42,904 sqft
Price per Sqft $231
MLS Listing ID 2025015434
Year Built 2026
Annual Tax Amount $4,869
Tax Year 2025
Lot Size 0.688 Acres
Acres 0.688
Source Florida Gulf Coast
Land Area 42904
Property Description
Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. 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. 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.
Buyers have options:
1) Acquire the entitled lot (3.5M) and building plans to build under their own contractor and financing.
2) Use Curran Young and the current construction estimate we have. $250/sf = 18.5M
3) Join us, if you are an accredited investor, through our fund.
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.
Buyers have options:
1) Acquire the entitled lot (3.5M) and building plans to build under their own contractor and financing.
2) Use Curran Young and the current construction estimate we have. $250/sf = 18.5M
3) Join us, if you are an accredited investor, through our fund.
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
Zoning P
Interior
Inclusions Building And Land
Fireplace No
Exterior
Waterfront Description None
Garage No
Building
Story 3
Level or Stories 3
New Construction No
Others
Senior Community No
Tax ID 11-45-23-C4-01700.0390
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Listed by Coast Life Properties LLC • Kyle Doyon
NEARBY SCHOOLS & PROPERTIES