570 NE 4th Pl - Commercial LAND FOR SALE


Cape Coral, FL 33909- Diplomat30,056 SF
$1,200,000 USD
616-638-9795

NO PHOTO

$1,200,000 USD
Commercial LAND - FOR SALE
30,056 SF

570 NE 4th Pl
Cape Coral, FL 33909
Diplomat


HIGHLIGHTS

  • Mixed-Use
  • Workforce Housing

OVERVIEW

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. With high demand for workforce housing, this development offers a strong rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. 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. Seller financing is available.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$1,739,154/AC

PRICE/SF

$40 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

30,056 SF

OFFSITE IMPROVEMENTS

-

ZONING

RD

APN/PARCEL ID

12-44-23-C2-02378.0110

ASK ABOUT THIS PROPERTY

Kyle DoyonCoast Life Properties LLCMore Info
616-638-9795

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Kyle DoyonCoast Life Properties LLCMore Info
616-638-9795

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