430 SW 47th Terrace Cape Coral, FL 33914
Other
MLS #: 224056208
Courtesy Of Coast Life Properties LLC
Property InformationDescription
Entitled Land with Approved Architectural Plans for Mixed-Use Workforce Housing & Commercial Space For Sale:
OVERVIEW
This property is perfectly positioned in CP zoning to fit all available uses (check with zoning). Prime opportunity to invest in a lucrative development featuring 39 units of workforce housing and 8,300 sq ft of versatile commercial space. This property offers a dynamic blend of residential and commercial possibilities, making it an ideal investment for developers and entrepreneurs alike.
KEY PLAN FEATURES
-39 Workforce Housing Units: Designed to meet the growing demand for affordable housing, these units provide comfortable and modern living for our hardworking workforce. Each unit is thoughtfully planned to maximize space and livability.
-8,300 Sq Ft of Commercial Space: Perfectly positioned for CP uses, this expansive commercial area offers flexibility to accommodate a variety of businesses.
LOCATION
Vacant land situated in the thriving South Cape Coral area with excellent access to public transportation, major highways, and local amenities, this property is ideally located to attract a steady stream of residents and commercial tenants. Proximity to schools, parks, restaurants, and healthcare facilities ensures convenience and a high quality of life for residents.
INVESTMENT HIGHLIGHTS
-Strong Demand: Workforce housing is in high demand, providing a stable and reliable rental market. The commercial space adds an additional revenue stream with potential for long-term leases.
-Community Impact: Contribute positively to the community by providing much-needed affordable housing and supporting local businesses. This planned development fosters a vibrant, integrated community environment.
-Growth Potential: The strategic location and mixed-use nature of the property offer significant appreciation potential. As the area continues to develop, property values are expected to rise, making this a great investment opportunity.
*Deed restricted property through the Live Local Bill, requiring 40% of units to be rented to renters earning less than 120% of the AMI. As of April of 2024, the AMI in Cape Coral is $88,800.
SELLER FINANCING AVAILABLE
OVERVIEW
This property is perfectly positioned in CP zoning to fit all available uses (check with zoning). Prime opportunity to invest in a lucrative development featuring 39 units of workforce housing and 8,300 sq ft of versatile commercial space. This property offers a dynamic blend of residential and commercial possibilities, making it an ideal investment for developers and entrepreneurs alike.
KEY PLAN FEATURES
-39 Workforce Housing Units: Designed to meet the growing demand for affordable housing, these units provide comfortable and modern living for our hardworking workforce. Each unit is thoughtfully planned to maximize space and livability.
-8,300 Sq Ft of Commercial Space: Perfectly positioned for CP uses, this expansive commercial area offers flexibility to accommodate a variety of businesses.
LOCATION
Vacant land situated in the thriving South Cape Coral area with excellent access to public transportation, major highways, and local amenities, this property is ideally located to attract a steady stream of residents and commercial tenants. Proximity to schools, parks, restaurants, and healthcare facilities ensures convenience and a high quality of life for residents.
INVESTMENT HIGHLIGHTS
-Strong Demand: Workforce housing is in high demand, providing a stable and reliable rental market. The commercial space adds an additional revenue stream with potential for long-term leases.
-Community Impact: Contribute positively to the community by providing much-needed affordable housing and supporting local businesses. This planned development fosters a vibrant, integrated community environment.
-Growth Potential: The strategic location and mixed-use nature of the property offer significant appreciation potential. As the area continues to develop, property values are expected to rise, making this a great investment opportunity.
*Deed restricted property through the Live Local Bill, requiring 40% of units to be rented to renters earning less than 120% of the AMI. As of April of 2024, the AMI in Cape Coral is $88,800.
SELLER FINANCING AVAILABLE
Features
- Amenities: Dock
- Architecture Style: Other
- Legal Description: CAPE CORAL UNIT 44 BLK 1700 PB 21 PG 106 LOTS 39 THRU 44
- MLSID: 224056208
- View Type: City
MAP & DIRECTIONS
Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
