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3727-3801 SE 15th Pl 1.03 Acres of Commercial Land Offered at $1,650,000 in Cape Coral, FL 33904
Investment Highlights
- Entitled land with approved building & MEP plans for a six-story mixed-use development
- Zoned C1 in thriving South Cape Coral; deed-restricted under the Live Local Bill
- Plans include 70 workforce housing apartments plus 8,300 SF commercial space
- 1.03-acre lot with 360' frontage and excellent access to highways and amenities
Executive Summary
Located in the thriving South Cape Coral area. Entitled land with approved plans for a mixed-use development featuring workforce housing apartments and commercial space. This property is zoned C1 (confirm zoning for your uses). The project includes 70 workforce housing apartments and 8,300 square feet of versatile commercial space in a six story building. This property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. 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 ($1.65M) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate we have. 60k sf x $200/sf = 12M. Specifications, features, and availability may be modified prior to contract with Curran Young. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.
Property Facts
1 Lot Available
Lot
| Price | $1,650,000 | Lot Size | 1.03 AC |
| Price Per AC | $1,601,941.75 |
| Price | $1,650,000 |
| Price Per AC | $1,601,941.75 |
| Lot Size | 1.03 AC |
Entitled C1 land with approved plans for a six-story mixed-use development: 70 workforce housing apartments plus 8,300 SF commercial. Deed-restricted under the Live Local Bill. Located in thriving South Cape Coral with excellent access.
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-45-24-C3-00526.0760 | Improvements Assessment | $0 |
| Land Assessment | $198,000 | Total Assessment | $198,000 |
Property Taxes
Parcel Number
06-45-24-C3-00526.0760
Land Assessment
$198,000
Improvements Assessment
$0
Total Assessment
$198,000
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3727-3801 SE 15th Pl
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