Entitled Mixed-Use Development
430 SW 47th Terrace Cape Coral, FL 33914
For Sale
$995,000
Vacant commercial land offered with approved plans for mixed-use development including workforce housing apartments and commercial space.
Days on Market23
Property Features for 430 SW 47th Terrace
General Information
- Standard status
- Active
- Property subtype
- OFC, SCR, V
Listing Agency:
Coast Life Properties LLC
(239) 402-5581
Listed By:
Kyle Doyon · License #487512970
(239) 402-5581
Source:
Realnex
Added: Jul 2
Changed: Jul 23
Last Checked: Jul 23 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coast Life Properties LLC
Investment Insights
Based on property information with market context.
This is a vacant commercial land parcel currently undeveloped, offered with approved plans for a mixed-use project. The proposed development includes 39 workforce housing apartments and 8,300 square feet of commercial space. The site is described as zoned CP, with zoning confirmation required for intended use.
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). The listing states AMI is $88,800 as of April 2024. The offering is also noted as being not subject to any existing lease or rental agreements.
Buyer responsibilities include securing any future tenants or rental arrangements. The listing further notes that specifications, features, and availability may be modified prior to contract, and that all information is subject to the buyer’s due diligence.
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). The listing states AMI is $88,800 as of April 2024. The offering is also noted as being not subject to any existing lease or rental agreements.
Buyer responsibilities include securing any future tenants or rental arrangements. The listing further notes that specifications, features, and availability may be modified prior to contract, and that all information is subject to the buyer’s due diligence.
Key Highlights
- Entitled vacant land parcel in South Cape Coral with approved plans for mixed‑use development
- Approved for 39 workforce housing apartments plus 8,300 SF of commercial space
- Property is zoned CP (confirm zoning for intended use)
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Vacant commercial land offered with approved plans for mixed-use development including workforce housing apartments and commercial space.
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 $995,000.
What are key features of this property?
This property features: Entitled vacant land parcel in South Cape Coral with approved plans for mixed‑use development; Approved for 39 workforce housing apartments plus 8,300 SF of commercial space; Property is zoned CP (confirm zoning for intended use)
