570 NE 4th Terrace, Cape Coral, FL 33909

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.