3727 SE 15th PL
CAPE CORAL, FL 33990
$2,150,000
Type: Lots / Land
Listing #224056206
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents. With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property's design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is 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. Seller financing is available.
Property Features
County: Lee
Development: CAPE CORAL
MLS Area: CC12 - Cape Coral Unit 7-15
Community: Non-Gated
Latitude: 26.582383
Longitude: -81.9429789
Subdivision: CAPE CORAL
Utilities On Site: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Irrigation: None
Lot Description: Oversize
Lot Size in Acres: 1.033
Possible Best Use: Commercial
Best Use: 10-Vacant Commercial
Rear Exposure: NW
Road Description: Paved
Waterfront Description: None
View Description: City
Property Type: LL
Status: Active
Restrictions: Deeded, None/Other
Boat Access: None
Amenities: None
Tax Year: 2023
Tax Amount: $60,000
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Listing Courtesy of: Coast Life Properties LLC Co-listing agent: Melissa Abele
The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Sposen Signature Homes LLC are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Southwest Florida data last updated at December 19, 2024 1:25 PM ET
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