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$ 1,200,000
Est. payment | /mo
0.69 Acres Lot
$ 1,200,000
Est. payment | /mo
0.69 Acres Lot
Key Details
Property Type Vacant Land
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
Source Florida Gulf Coast
Property Description
Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors.
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.
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
Community No Subdivision
Area Cape Coral
Zoning RD
Interior
Fireplace No
Exterior
Utilities Available None
Waterfront Description None
View Y/N Yes
Present Use 10-Vacant Commercial
Garage No
Building
Lot Description Regular
Sewer None
Water None
New Construction No
Others
Senior Community No
Tax ID 12-44-23-C2-02378.0110
Listed by Coast Life Properties LLC • Kyle Doyon
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