430 SW 47th TER, Cape Coral, FL 33914
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430 SW 47th TER, Cape Coral, FL 33914
430 SW 47th TER, Cape Coral, FL 33914
430 SW 47th TER, Cape Coral, FL 33914
430 SW 47th TER, Cape Coral, FL 33914
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Eric Degelau

Eric Degelau

+1(239) 351-5556
$ 995,000
Est. payment /mo
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430 SW 47th TER Cape Coral, FL 33914

0.69 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land, Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 2026027499

HOA Y/N No

Annual Tax Amount $4,869

Tax Year 2025

Lot Size 0.688 Acres

Acres 0.688

Lot Dimensions Appraiser

Property Sub-Type Commercial

Property Description

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. Buyers have options: 1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate: $250/sf. 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.

Location

State FL

County Lee

Community Cape Coral

Area Cc21 - Cape Coral Unit 3, 30, 44, 6

Direction Southwest

Interior

Furnishings Furnished

Fireplace No

Exterior

Community Features Non- Gated, None

Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available

Waterfront Description None

View Y/N Yes

Water Access Desc Assessment Paid

View City

Present Use Commercial,Multi-Family,Mixed Use

Garage No

Building

Lot Description Multiple lots, Oversized Lot

Faces Southwest

Sewer Assessment Paid

Water Assessment Paid

Others

HOA Fee Include None

Senior Community No

Tax ID 11-45-23-C4-01700.0390

Acceptable Financing All Financing Considered, Cash, 1031 Exchange

Disclosures Deed Restriction, Owner Is Listing Agent

Listing Terms All Financing Considered, Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025015434

Listed by Coast Life Properties LLC • Kyle Doyon
Eric Degelau

Eric Degelau

Team Leader | License ID: 3508369

+1(239) 351-5556

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430 SW 47th TER