0.69 Acres Lot
0.69 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial Lot
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2025013387
HOA Y/N No
Annual Tax Amount $4,831
Tax Year 2024
Lot Size 0.689 Acres
Acres 0.6887
Property Sub-Type Commercial Lot
Source Florida Gulf Coast
Property Description
The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed.
Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents.
With high demand for workforce housing, this development offers a strong rental market, complemented by the potential for long-term commercial leases. The property's design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is 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.
Seller financing is available.
Location
State FL
County Lee
Area Cc31 - Cape Coral Unit 17, 31-36,
Zoning RD
Exterior
Community Features No Subdivision
Utilities Available None
Waterfront Description None
View Y/N No
View None/Other
Present Use Commercial
Private Pool No
Building
Lot Description 3 Lots, Regular
Sewer None
Water None
Others
HOA Fee Include None
Senior Community No
Tax ID 12-44-23-C2-02378.0110
Acceptable Financing Buyer Finance/Cash, Owner Will Carry
Listing Terms Buyer Finance/Cash, Owner Will Carry
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