3727 SE 15th PL Active

Cape Coral,FL 33990

$ 2150000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial, Vacant Land, Multi-Family

Sub Type Commercial,Mixed Use,Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 224056206

HOA Y/N No

Originating Board Florida Gulf Coast

Annual Tax Amount $60,000

Tax Year 2023

Lot Size 1.033 Acres

Acres 1.033

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

Area Cape Coral

Zoning C1

Interior

Fireplace No

Exterior

Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Water Connected

Amenities Available None

Waterfront Description None

View Y/N Yes

View City

Present Use 10-Vacant Commercial

Street Surface Paved

Garage No

Building

Lot Description Oversize

Water Assessment Paid

New Construction No

Others

Senior Community No

Tax ID 06-45-24-C3-00526.0760

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