Entitled Mixed-Use Development
For Sale
Contact for pricing
570 Northeast 4th Terrace, Cape Coral, FL 33909
Entitled parcel with approved plans for workforce housing units and contractor suites, currently undeveloped and deed-restricted.
Property SizeContact for details
Days on Market38
Property Features for 570 Northeast 4th Terrace
General Information
Standard status
Active
Property subtype
Mixed Use, Land
Zoning
RD
Units
Multifamily Units
27
Office Units
8
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Listing Agency:
Coast Life Companies
(616) 638-9795
Listed By:
Kyle Doyon · License #BK3586353
Source:
Crexi
Added: Jul 8
Changed: Aug 8
Last Checked: Jul 10 at 3:23AM
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 Companies
Investment Insights
Based on property information with market context.
This property is an undeveloped, entitled land parcel with approved plans for a mixed-use development that includes workforce housing and commercial contractor suites. The project includes 27 workforce housing units and 8 contractor suites on the lower level, with private stairways leading to upper-level living spaces. A connecting door can be securely locked to allow separate occupancy of the living space and contractor suite as needed.
The site is zoned RD (buyers should confirm zoning for specific uses) and is located in an Opportunity Zone. The Live Local Bill deed restriction requires that 40% of the units be rented to tenants earning less than 120% of the area median income; as of April 2024, Cape Coral’s AMI is $88,800.
The approved plans support a workforce-focused residential and contractor-suites configuration, and the property is presented as not currently subject to any lease or rental agreements. Buyers may proceed by acquiring the entitled lot and building plans, or by using the provided current construction estimate for pre-development pricing, subject to change prior to contract. The seller notes access to public transportation, major highways, and local amenities.
The site is zoned RD (buyers should confirm zoning for specific uses) and is located in an Opportunity Zone. The Live Local Bill deed restriction requires that 40% of the units be rented to tenants earning less than 120% of the area median income; as of April 2024, Cape Coral’s AMI is $88,800.
The approved plans support a workforce-focused residential and contractor-suites configuration, and the property is presented as not currently subject to any lease or rental agreements. Buyers may proceed by acquiring the entitled lot and building plans, or by using the provided current construction estimate for pre-development pricing, subject to change prior to contract. The seller notes access to public transportation, major highways, and local amenities.
Key Highlights
- Entitled, undeveloped parcel with approved plans for 27 workforce housing units and 8 contractor suites
- Live Local Bill deed restriction: 40% of units must be rented to tenants earning less than 120% AMI
- Opportunity Zone designation reported, with deed restriction tied to workforce housing requirements
Property Analytics
Current Use
Lease Details
8
Office units
27
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 33909, FL
33,063
Population
14,051
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
37.8 sq mi
ZIP Area
875
Density / Sq Mi
$79,096
Median Household Income
$39,912
Median Earnings
$1,773
Median Rent
$292,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled parcel with approved plans for workforce housing units and contractor suites, currently undeveloped and deed-restricted.
Where is this residential land & home lot located?
The property is located at 570 Northeast 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, undeveloped parcel with approved plans for 27 workforce housing units and 8 contractor suites; Live Local Bill deed restriction: 40% of units must be rented to tenants earning less than 120% AMI; Opportunity Zone designation reported, with deed restriction tied to workforce housing requirements
