3731 SE 15Th Pl Cape Coral, FL 33990

This property is an entitled land parcel with approved building and MEP plans for a mixed-use development, featuring workforce housing and commercial space. Zoned C1 (confirm zoning for uses), it offers 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. Additionally, there are 8,300 square feet of versatile commercial space suitable for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. Located in the thriving South Cape Coral area, the property provides excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. Nearby schools, parks, restaurants, and healthcare facilities further enhance its appeal, ensuring a high quality of life for future residents. The 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. 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. Buyers may select either of two paths: Acquire the lot an build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management. Long-term property management is available upon delivery. The lot size is 1.033 acres.