Entitled Mixed-Use Development
570 NE 4th Terrace Cape Coral, FL 33909
570 NE 4th Terrace, Cape Coral, FL, 33909
$995,000
For Sale
$995,000
COMMERCIAL - Cape Coral, FL
Lot Size0.69 Acres
Days on Market17
Property Features for 570 NE 4th Terrace
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 12-44-23-C2-02378.0110
- Lot size
- 0.69 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CAPE CORAL UNIT 35 BLK 2378 PB 16 PG 103 LOTS 11 + 12
- Tax Annual Amount
- 4831
Listing agency
Coast Life Properties LLC
(239) 402-5581
Listed by
Kyle Doyon · License #487512970
(616) 638-9795
Added: Jul 7 Checked: Jul 23 at 1:06AM
MLS# 2026029090
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Investment Insights
Based on property information with market context.
This offering consists of entitled land with approved plans for a mixed-use development that includes workforce housing units and commercial contractor suites. The concept includes 27 workforce housing units and 8 contractor suites on the lower level. Private stairways connect the lower contractor suites to upper-level living spaces, and the connecting door can be secured to allow the living space and suite to be used independently by separate tenants when desired. The property is currently undeveloped and not subject to any existing lease or rental agreements.
The land is located in Cape Coral, Florida, in Lee County, and is described as being within an Opportunity Zone. The project is also subject to deed restrictions under the Live Local Bill, requiring that 40% of the units be rented to tenants earning less than 120% of area median income (AMI). As of April 2024, Cape Coral AMI is stated as $88,800. Buyers are advised to confirm zoning for the intended uses.
For developers and investors, the asset provides an entitlement package and construction plan framework that can be pursued under the buyer’s own contractor and financing, or using the current construction estimate referenced in the remarks. The deed-restricted income targeting and the planned live-work configuration are practical considerations for any operator assembling a future tenant strategy aligned with the approved design.
The land is located in Cape Coral, Florida, in Lee County, and is described as being within an Opportunity Zone. The project is also subject to deed restrictions under the Live Local Bill, requiring that 40% of the units be rented to tenants earning less than 120% of area median income (AMI). As of April 2024, Cape Coral AMI is stated as $88,800. Buyers are advised to confirm zoning for the intended uses.
For developers and investors, the asset provides an entitlement package and construction plan framework that can be pursued under the buyer’s own contractor and financing, or using the current construction estimate referenced in the remarks. The deed-restricted income targeting and the planned live-work configuration are practical considerations for any operator assembling a future tenant strategy aligned with the approved design.
Key Highlights
- Entitled land with approved plans for a mixed‑use development: 27 workforce housing units plus 8 lower‑level contractor suites
- Design includes private stairways to upper living spaces and a connecting door that can be locked for separate tenancy if needed
- Live Local Bill deed restriction: 40% of units must be rented to tenants earning less than 120% of AMI
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - Entitled land with approved plans for workforce housing and contractor suites, currently undeveloped.
Where is this residential land & home lot located?
The property is located at 570 NE 4th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Entitled land with approved plans for a mixed‑use development: 27 workforce housing units plus 8 lower‑level contractor suites; Design includes private stairways to upper living spaces and a connecting door that can be locked for separate tenancy if needed; Live Local Bill deed restriction: 40% of units must be rented to tenants earning less than 120% of AMI
