Mixed-Use Development 47th Terrace — Sale in Cape Coral, FL

  • Price: $795K
  • Listing type: For sale
  • Asset type: Office
  • Location: Cape Coral, FL 33914

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. 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. For questions please call Kyle at 616-638-9795. Submit offers to KD@CoastLifeCompanies.com Please provide pre-approval letter/proof of funds, have buyer(s) sign all attachments to MLS, and submit with offer. All information in this listing is assumed to be accurate and reliable; however, has been extracted from 3rd party sources. Interested Parties Agents/Brokers & buyers must do their own due diligence. Seller is a licensed Broker in the state of FL. Call before showing. Vacant land. Walk at own risk. Land Size: 30056.0 SF | Listing Type: FOR SALE

Market Context

This office in Cape Coral, FL is listed for sale at $795,000. It has been on the market for 30 days. Compare it against other office listings for sale in Cape Coral, FL — view the full market.

Estimated Market Rate

$521.87/SF – $706.07/SF

Mid: $613.97/SF

Rate estimator only; cost-of-business estimate unavailable.

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