3731 SE 15Th Pl Cape Coral, FL 33990

This entitled land features approved building and MEP plans for a mixed-use development, including workforce housing and commercial space. Zoned C1 (confirm zoning for uses), the property is suitable for developers and investors. The project incorporates 70 workforce housing units, designed to meet the demand for affordable housing with well-planned living spaces. Additionally, there are 8,300 square feet of versatile commercial space suitable for retail, office, or mixed-use purposes. Located in the South Cape Coral area, the property provides access to public transportation, major highways, and local amenities. Nearby schools, parks, restaurants, and healthcare facilities enhance the location's appeal. The development offers a stable rental market due to the demand for workforce housing, along with the potential for long-term commercial leases. The property's design aims to support community impact, fostering a vibrant 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.