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$2,150,000

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1.03 Acres Lot

Active

3731 SE 15th PL Cape Coral, FL 33990

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MAXIM LLC

maxim@maximrealtors.com +1(407) 288-0704

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Key Details

Property Type Vacant Land

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 224056206

HOA Y/N No

Annual Tax Amount $60,000

Tax Year 2023

Lot Size 1.033 Acres

Acres 1.033

Lot Dimensions Appraiser

Property Sub-Type Commercial

Property Description

Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses.

Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for 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 strong demand for workforce housing, this development offers a stable 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.

Location

State FL

County Lee

Community Cape Coral

Area Cc12 - Cape Coral Unit 7-15

Rooms

Bedroom Description NaN

Interior

Fireplace No

Exterior

Community Features Non- Gated

Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available

Amenities Available None

Waterfront Description None

View Y/N Yes

Water Access Desc Assessment Paid

View City

Present Use Commercial,Multi-Family,Mixed Use

Garage No

Building

Lot Description Multiple lots, Oversized Lot, See Remarks

Faces Southeast

Sewer Assessment Paid

Water Assessment Paid

Others

HOA Fee Include None

Senior Community No

Tax ID 06-45-24-C3-00526.0760

Acceptable Financing All Financing Considered, Cash, 1031 Exchange, Owner May Carry

Listing Terms All Financing Considered, Cash, 1031 Exchange, Owner May Carry

Listed by Coast Life Properties LLC • Kyle Doyon

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MAXIM LLC

+1(407) 288-0704

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3731 SE 15th PL Cape Coral, FL 33990

MAXIM LLC

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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3731 SE 15th PL