430 SW 47th Terrace, Cape Coral, FL 33914

This undeveloped land parcel is being marketed as an entitled site with approved plans for a mixed-use project. The concept includes 39 workforce housing apartments and approximately 8,300 square feet of commercial space. The property is zoned CP, with the buyer advised to confirm zoning requirements for the intended use. The offering also includes deed restrictions tied to Florida’s Live Local Bill.

Under the Live Local Bill, the project requires that 40% of units be leased to individuals earning no more than 120% of the Area Median Income, with AMI stated as $88,800 as of April 2024. The seller notes the site is intended to support a live-work scenario for residents, and the property is currently not subject to any lease or rental agreements.

For buyers, there are two stated paths: acquire the entitled lot along with building plans to move forward under the buyer’s own contractor and financing, or use the referenced construction estimate provided by Curran Young (pre-construction pricing is subject to change). Given the approved scope and the affordability-related restrictions, this site is best suited for developers and investors who want to advance a mixed-use workforce housing concept while aligning the operator’s leasing approach with the specified unit requirements.