430 SW 47th Ter - Commercial LAND FOR SALE


Cape Coral, FL 33914- Pelican30,000 SF
$1,450,000 USD
616-638-9795
430 SW 47th Ter, Cape Coral, FL for Sale
$1,450,000 USD
Commercial LAND - FOR SALE
1/18
30,000 SF

430 SW 47th Ter
Cape Coral, FL 33914
Pelican


OVERVIEW

Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. 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. Seller financing is available. 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. SELLER FINANCING AVAILABLE CONTACT US: Take advantage of this investment opportunity. For more information, visit our website at www.CoastLifeCompanies.com OR contact us at (616) 638-9795 or KD@CoastLifeCompanies.com.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/ACRE

$2,105,400/AC

PRICE/SF

$48 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Apartment Units

LAND ACRES

0.69 AC

LAND SF

30,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

CP

APN/PARCEL ID

11-45-23-C4-01700.0390

ASK ABOUT THIS PROPERTY

Kyle DoyonCoast Life Properties LLCMore Info
616-638-9795

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kyle DoyonCoast Life Properties LLCMore Info
616-638-9795

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.