Entitled Mixed-Use Development
430 SW 47th Terrace Cape Coral, FL 33914
430 SW 47th Terrace, Cape Coral, FL, 33914
$895,000
For Sale
$895,000
COMMERCIAL - Cape Coral, FL
Lot Size0.69 Acres
Days on Market30
Property Features for 430 SW 47th Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 11-45-23-C4-01700.0390
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CAPE CORAL UNIT 44 BLK 1700 PB 21 PG 106 LOTS 39 THRU 44
- Tax Annual Amount
- 4869
Listing agency
Coast Life Properties LLC
(239) 402-5581
Listed by
Kyle Doyon · License #487512970
(616) 638-9795
Added: Jun 23 Updated: Jul 6 at 2:08PM Checked: Jul 22 at 2:06PM
MLS# 2026027499
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Investment Insights
Based on property information with market context.
This is an undeveloped commercial land parcel offered with approved plans for a mixed-use project that includes 39 workforce housing apartments and approximately 8,300 square feet of commercial space. The site is described as zoned CP, and buyers are directed to confirm zoning for intended use. The offering is deed-restricted under Florida’s Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of Area Median Income, which is stated as $88,800 as of April 2024.
The property is located at 430 SW 47th Terrace in Cape Coral, Florida, within Lee County. Public remarks describe the area as having access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities.
For developers and builders, the approved plans support a straightforward path to construction using either the entitled lot and provided building plans, or an approach tied to the current construction estimate referenced in the materials. The deed-restriction requirement is a key consideration for any operator planning workforce leasing. The property is currently not subject to any lease or rental agreements, so future leasing arrangements would need to be secured by the buyer.
The property is located at 430 SW 47th Terrace in Cape Coral, Florida, within Lee County. Public remarks describe the area as having access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities.
For developers and builders, the approved plans support a straightforward path to construction using either the entitled lot and provided building plans, or an approach tied to the current construction estimate referenced in the materials. The deed-restriction requirement is a key consideration for any operator planning workforce leasing. The property is currently not subject to any lease or rental agreements, so future leasing arrangements would need to be secured by the buyer.
Key Highlights
- Entitled South Cape Coral development parcel with approved plans for 39 workforce housing apartments plus 8,300 SF of commercial space
- Florida Live Local Bill deed restriction: 40% of units must be leased to renters earning no more than 120% of AMI ($88,800 as of April 2024)
- Zoned CP (confirm with zoning for intended use)
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Entitled undeveloped parcel with approved plans for workforce housing and a commercial component.
Where is this commercial land located?
The property is located at 430 SW 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Entitled South Cape Coral development parcel with approved plans for 39 workforce housing apartments plus 8,300 SF of commercial space; Florida Live Local Bill deed restriction: 40% of units must be leased to renters earning no more than 120% of AMI ($88,800 as of April 2024); Zoned CP (confirm with zoning for intended use)
