LOT SIZE 0.688 acres
MLS#2026027499
STATUSActive
PROPERTY TYPELand - Commercial
SUBDIVISIONCAPE CORAL
Property Description
Prime development opportunity in South Cape Coral. This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida's Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Whether you're a developer or investor seeking to contribute to Cape Coral's workforce housing solutions while capturing long-term value, this property is ready for action. Buyers have options: 1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate: $250/sf. Pre-construction pricing is 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.
Property Features
Property Type: Land - Commercial
Lot Size: 0.69 Acres
Taxes: $4,869
Feature Descriptions
Days on Site: 1
GEO Area: CC21 - Cape Coral Unit 3,30,44,6
Hoa Fee: $0
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: Buyer Finance/Cash, Exchange
Lot: 5 Plus Lots, Oversize
Parcel #: 11-45-23-C4-01700.0390
Property Attached Y/N: No
Property Sub-Type: Commercial Lot
Road Surface: Paved
Sewer: Assessment Paid
Sewer: Assessment Paid
Transfer Fee: 0
Units in Building: Square Feet
View: City
Water: Assessment Paid
Water: Assessment Paid
Listed By / Shown By
Listed By
Agency Name: Coast Life Properties LLC
Agency Phone: 239-402-5581
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,910.40 per month $2,214.44 Principal & Interest $405.75 Property Tax $290.21 Homeowner's InsuranceChange Payment Information
430 SW 47th Ter | MLS# 2026027499
This land located at 430 SW 47th Ter , Cape Coral, FL 33914 is currently listed for sale with an asking price of $995,000. The property has approximately 0.69 Acres. Search Cape Coral real estate on www.realtymark.net today.