430 SW 47th Ter 0.69 Acres of Commercial Land Offered at $1,150,000 in Cape Coral, FL 33914

Prime development opportunity in South Cape Coral! This entitled land parcel is offered with site plan approval in place for a mixed-use project. The site is zoned CP, and is designed for 39 apartments over 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long-term residential and commercial leases. The property is deed-restricted under Florida's Live Local Bill, requiring 40% of units to be leased to individuals earning between 60-120% of the Area Median Income (AMI). Seller financing is available. Whether you're a developer or investor seeking to contribute to Cape Coral's workforce housing solutions while capturing long-term value, this property is ready for action.
Buyers may select either of two paths: Acquire the lot and build under their own contractor and financing; or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management upon delivery.
SELLER FINANCING AVAILABLE
CONTACT US:
Take advantage of this investment opportunity. For more information, visit our website at www.CoastLifeCompanies.com OR contact us at (616) 638-9795 or KD@CoastLifeCompanies.com