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430 SW 47th Ter
0.69 Acres of Commercial Land Offered at $1,450,000 in Cape Coral, FL 33914
Investment Highlights
- Entitled Land, with Architectural Plans
Executive Summary
KEY FEATURES:
Workforce Housing Units:
-39 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 CP 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 plan 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
Data Room Click Here to Access
Property Facts
| Price | $1,450,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Price | $1,450,000 |
| Sale Type | Investment |
| Sale Conditions | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.69 AC |
1 Lot Available
Lot
| Price | $1,450,000 | Lot Size | 0.69 AC |
| Price Per AC | $2,105,416 |
| Price | $1,450,000 |
| Price Per AC | $2,105,416 |
| Lot Size | 0.69 AC |
0.69 acre vacant parcel situated in CP zoning. Approved building and MEP plans for mixed-use workforce housing and commercial.
Description
With approved building and MEP plans for mixed-use workforce housing and commercial space, this entitled land presents a prime investment opportunity in CP zoning, allowing flexibility for a wide range of uses (confirm with zoning). The development includes 39 workforce housing units and 8,300 square feet of commercial space, blending residential and commercial possibilities and creating the ideal live-work scenario. This property is ideal for developers or entrepreneurs looking to capitalize on the growing demand for affordable housing and commercial opportunities in the area. The 39 workforce housing units are designed with modern, efficient layouts to meet the needs of the local workforce. The 8,300 sq. ft. of commercial space is positioned to accommodate various business uses under CP zoning, providing flexibility and income potential through long-term leases. Located in the bustling South Cape Coral area, this parcel offers convenient access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities. Its strategic location ensures residents a high quality of life and access to local amenities. This investment offers strong potential due to the high demand for workforce housing, ensuring a stable rental market. The commercial space provides opportunities for long-term leases and additional revenue streams. Investing in this property also contributes to the local community by providing much-needed affordable housing and supporting local businesses. The growth potential is significant, with property values expected to rise as the area develops. Please note that this deed-restricted property under the Live Local Bill requires 40% of the units to be rented to individuals earning less than 120% of the Area Median Income (AMI). As of April 2024, the AMI in Cape Coral is $88,800. 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
PROPERTY TAXES
| Parcel Number | 11-45-23-C4-01700.0390 | Improvements Assessment | $0 |
| Land Assessment | $240,000 | Total Assessment | $240,000 |
PROPERTY TAXES
zoning
| Zoning Code | CP (CP) |
| CP (CP) |
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Kyle Doyon -
Melissa Abele -
Coast Life Properties LLC
Presented by
430 SW 47th Ter
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