3727-3801 SE 15th Pl
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3727-3801 SE 15th Pl
1.33 Acres of Commercial Land Offered at $2,150,000 in Cape Coral, FL 33904
Investment Highlights
- Entitled Land, with Architectural Plans
- Mixed-Use
- Workforce Housing
Executive Summary
This entitled land in South Cape Coral offers a ready-to-develop opportunity with 70 workforce housing units and 8,300 square feet of commercial space. With its prime location, government incentives through the Live Local Bill, and strong demand for workforce housing and commercial leasing, this property is ideal for investors and developers looking for a project with high potential returns. Seller financing is available, further enhancing the property’s attractiveness.
KEY FEATURES:
Workforce Housing Units:
-70 units designed to address the region's rising demand for affordable workforce housing.
-Each unit is modern and efficient and maximizes space and livability.
-The development meets the criteria set forth by the Live Local Bill, which requires 40% of units to be rented to tenants earning less than 120% of the AMI. Cape Coral's AMI (as of April 2024) is $88,800.
Commercial Space:
-8,300 square feet of versatile commercial space approved and ready for development.
-Perfectly positioned for various C1 zoning uses (confirm with zoning), offering developers flexibility and long-term revenue potential.
INVESTMENT HIGHLIGHTS:
Prime Location:
-The property is strategically located in South Cape Coral, a high-growth area with increasing demand for residential and commercial spaces.
-Excellent access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities attracts a steady stream of residents and commercial tenants.
Market Demand:
-The workforce housing market is strong, providing a stable rental income stream and low vacancy.
-Commercial space offers additional revenue opportunities through long-term leases and various business uses.
Community and Economic Impact:
-The development aligns with local government priorities by increasing the supply of affordable housing while supporting economic growth in the community through job creation and business development.
DEVELOPMENT BENEFITS:
Entitled Land:
-Building and MEP approvals are in place for both the workforce housing and commercial space, saving the buyer time and resources.
Appreciation Potential:
-With South Cape Coral’s ongoing growth and development, the property’s value is poised to increase significantly in the coming years.
-As the area continues to expand, residential and commercial demand will rise, enhancing long-term returns on investment.
SELLER FINANCING AVAILALBLE
PRESENTED BY:
Kyle Doyon, Broker
Coast Life Properties
(239) 402-5581
CONTACT US
Don't miss out on this exceptional investment opportunity. For more information, visit our website: www.CoastLifeCompanies.com OR contact us today: (239) 402-5581; KD@CoastLifeCompanies.com
KEY FEATURES:
Workforce Housing Units:
-70 units designed to address the region's rising demand for affordable workforce housing.
-Each unit is modern and efficient and maximizes space and livability.
-The development meets the criteria set forth by the Live Local Bill, which requires 40% of units to be rented to tenants earning less than 120% of the AMI. Cape Coral's AMI (as of April 2024) is $88,800.
Commercial Space:
-8,300 square feet of versatile commercial space approved and ready for development.
-Perfectly positioned for various C1 zoning uses (confirm with zoning), offering developers flexibility and long-term revenue potential.
INVESTMENT HIGHLIGHTS:
Prime Location:
-The property is strategically located in South Cape Coral, a high-growth area with increasing demand for residential and commercial spaces.
-Excellent access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities attracts a steady stream of residents and commercial tenants.
Market Demand:
-The workforce housing market is strong, providing a stable rental income stream and low vacancy.
-Commercial space offers additional revenue opportunities through long-term leases and various business uses.
Community and Economic Impact:
-The development aligns with local government priorities by increasing the supply of affordable housing while supporting economic growth in the community through job creation and business development.
DEVELOPMENT BENEFITS:
Entitled Land:
-Building and MEP approvals are in place for both the workforce housing and commercial space, saving the buyer time and resources.
Appreciation Potential:
-With South Cape Coral’s ongoing growth and development, the property’s value is poised to increase significantly in the coming years.
-As the area continues to expand, residential and commercial demand will rise, enhancing long-term returns on investment.
SELLER FINANCING AVAILALBLE
PRESENTED BY:
Kyle Doyon, Broker
Coast Life Properties
(239) 402-5581
CONTACT US
Don't miss out on this exceptional investment opportunity. For more information, visit our website: www.CoastLifeCompanies.com OR contact us today: (239) 402-5581; KD@CoastLifeCompanies.com
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Property Facts
| Price | $2,150,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.33 AC |
| Price | $2,150,000 |
| Sale Type | Investment |
| Sale Conditions | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.33 AC |
1 Lot Available
Lot
| Price | $2,150,000 | Lot Size | 1.33 AC |
| Price Per AC | $1,616,541 |
| Price | $2,150,000 |
| Price Per AC | $1,616,541 |
| Lot Size | 1.33 AC |
1.33 acre vacant parcel situated in C1 zoning. Approved building and MEP plans for mixed-use workforce housing and commercial.
Description
This 1.33-acre vacant land parcel is situated in the thriving South Cape Coral area and is positioned perfectly in C1 zoning to fit all available uses (check with zoning). With excellent access to public transportation, major highways, and local amenities, this property is ideally located to attract a steady stream of residents and commercial tenants. Proximity to schools, parks, restaurants, and healthcare facilities ensures residents' convenience and a high quality of life.
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PROPERTY TAXES
| Parcel Number | 06-45-24-C3-00526.0760 | Improvements Assessment | $0 |
| Land Assessment | $57,000 | Total Assessment | $60,000 |
PROPERTY TAXES
Parcel Number
06-45-24-C3-00526.0760
Land Assessment
$57,000
Improvements Assessment
$0
Total Assessment
$60,000
zoning
| Zoning Code | C 1 (C1 (Neighborhood Commercial) Zone permits neighborhood commercial activities and small-scale freestanding businesses.) |
| C 1 (C1 (Neighborhood Commercial) Zone permits neighborhood commercial activities and small-scale freestanding businesses.) |
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Kyle Doyon -
Melissa Abele -
Coast Life Properties LLC
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3727-3801 SE 15th Pl
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