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3801 SE 15th Pl, Cape Coral, FL 33904 3801 SE 15th Pl 57,503 SF 100% Leased Office Building Cape Coral, FL 33904 $1,900,000 ($33.04/SF) 15.00% Cap Rate
Investment Highlights
- Entitled Land, with Architectural Plans
- Mixed-Use
- Workforce Housing
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 uses). The project includes 70 workforce housing apartments and 8,300 square feet of versatile commercial space. 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.
For questions please call Kyle at 616-638-9795. Submit offers to KD@CoastLifeCompanies.com. Please provide pre-approval letter/proof of funds, have buyer(s) sign all attachments to MLS, and submit with offer. All information in this listing is assumed to be accurate and reliable; however, has been extracted from 3rd party sources. Interested Parties Agents/Brokers & buyers must do their own due diligence.
Seller is a licensed Broker in the state of FL. Call before showing. Vacant land. Walk at own risk.
For questions please call Kyle at 616-638-9795. Submit offers to KD@CoastLifeCompanies.com. Please provide pre-approval letter/proof of funds, have buyer(s) sign all attachments to MLS, and submit with offer. All information in this listing is assumed to be accurate and reliable; however, has been extracted from 3rd party sources. Interested Parties Agents/Brokers & buyers must do their own due diligence.
Seller is a licensed Broker in the state of FL. Call before showing. Vacant land. Walk at own risk.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Building Size
57,503 SF
Construction Status
Proposed
Price
$1,900,000
Price Per SF
$33.04
Cap Rate
15.00%
NOI
$285,000
Percent Leased
100%
Building Height
6 Stories
Typical Floor Size
9,584 SF
Building FAR
1.28
Lot Size
1.03 AC
Zoning
C 1 - C1 (Neighborhood Commercial) Zone permits neighborhood commercial activities and small-scale freestanding businesses.
Amenities
- Conferencing Facility
- Food Service
- Property Manager on Site
- Restaurant
- Security System
- Wheelchair Accessible
- Reception
- Roof Terrace
- Outdoor Seating
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
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Property Taxes
| Parcel Number | 06-45-24-C3-00526.0760 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $198,000 |
Property Taxes
Parcel Number
06-45-24-C3-00526.0760
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$198,000
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3801 SE 15th Pl, Cape Coral, FL 33904 | 3801 SE 15th Pl
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