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19284321
19284323

3731 SE 15th Pl, Cape Coral, FL 33904

KD
FL BK3586353
Coast Life Companies
Listed by Coast Life Companies
$14,950,000
698 days on market
Updated 3 days ago

Entitled Land w/ Approved Plans for Mixed-Use Development

Details
Property Type Land, Mixed Use (+3)
Sub Type Workforce Housing, Commercial
Square Footage 64,715
Net Rentable (SqFt) 64,715
Units 78
Pro-Forma Cap Rate 10.83%
Pro-Forma NOI $1,618,742
Price per SqFt $231
Broker Co-Op Yes
Buildings 1
Stories 6
Acreage 1.030
Zoning C1
Investment Type Sale/Leaseback
Ground Lease No

Entitled Land with Plans for Mixed-Use Development Featuring Workforce Housing

Marketing description

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.

Pre-construction pricing is subject to change.

Specifications, features, and availability may be modified prior to contract.

Property is currently undeveloped and not subject to any lease or rental agreements.

Buyer is responsible for securing any future tenants or rental arrangements.

For questions please call Kyle at 616-638-9795. Submit offers to [email protected]

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.

Investment highlights

Listing Contacts

KD
FL BK3586353
Coast Life Companies
Listed by Coast Life Companies

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Additional Information

Name
Kyle Doyon
License
BK3586353
Brokerage
Coast Life Properties
Brokerage Phone
6166389795
Title
Broker
Brokerage Address
1222 Southeast 47th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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