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$ 795,000
Est. payment /mo
Price Dropped by $100K
430 SW 47th TER Cape Coral, FL 33914
0.69 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026027499
HOA Y/N No
Annual Tax Amount $4,869
Tax Year 2025
Lot Size 0.688 Acres
Acres 0.688
Source Florida Gulf Coast
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.
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.
Location
State FL
County Lee
Community No Subdivision, Non-Gated
Area Cape Coral
Zoning CP
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description None
View Y/N Yes
View City
Present Use 10-Vacant Commercial
Street Surface Paved
Garage No
Building
Lot Description Oversize
Water Assessment Paid
New Construction No
Others
Senior Community No
Tax ID 11-45-23-C4-01700.0390
Listed by Coast Life Properties LLC • Kyle Doyon
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