0.69 Acres Lot
0.69 Acres Lot
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026029090
HOA Y/N No
Annual Tax Amount $4,831
Tax Year 2024
Lot Size 0.689 Acres
Acres 0.6887
Lot Dimensions Appraiser
Property Sub-Type Commercial
Property Description
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. The property's design supports community impact, fostering a vibrant and integrated environment. 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.
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 Cape Coral
Area Cc31 - Cape Coral Unit 17, 31-36,
Direction Northeast
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features None
Utilities Available None, Sewer Not Available, Water Not Available
Waterfront Description None
Water Access Desc None
Present Use Commercial,Multi-Family
Garage No
Building
Lot Description Multiple lots, Rectangular Lot
Faces Northeast
Sewer None
Water None
Others
HOA Fee Include None
Senior Community No
Tax ID 12-44-23-C2-02378.0110
Acceptable Financing All Financing Considered, Cash, Owner May Carry
Disclosures Owner Is Listing Agent
Listing Terms All Financing Considered, Cash, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025013387
Nearby Locations
If you have been thinking about selling your home, or are looking to buy your dream home, Dina Marie Realty welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.