Located in the thriving South Cape Coral area. Entitled land with approved plans for a mixed-use development featuring workforce housing apartments and commercial space. This property is zoned C1 (confirm zoning for uses). The project includes 70 workforce housing apartments and 8,300 square feet of versatile commercial space. This property… Read More offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. Deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Buyers have options: 1) Acquire the entitled lot ($1.65M) 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 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. Read Less
Listing courtesy of Coast Life Properties LLC.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Lot Size
1.03 Acres
MLS Number
2026024881
30 Days Snapshot Of 33904
$628k
-1%
(avg) sold price
53
-22%
homes sold
125
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: "Paved"
Building
Building area units: Square Feet, "DSL/Cable Available"
The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., under License No. ONRI/600106. Properties listed with brokerage firms other than the office represented by this website are marked with the “BR House” logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the M.L.S. of Naples, Inc. BR Program, or contained in the database compilation of the M.L.S. of Naples, Inc.
The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
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