430 SW 47th Ter, Cape Coral, FL 33914 430 SW 47th Ter 39,000 SF 100% Leased Office Building Cape Coral, FL 33914 $1,150,000 ($29.49/SF) 15.00% Cap Rate

Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved plans for a mixed-use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live-work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. 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 no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. 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.
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.