Entitled Mixed-Use Development
For Sale
$995,000
570 Northeast 4th Terrace, Cape Coral, FL 33909
Entitled site with approved plans for workforce housing units and eight lower-level contractor suites.
Property SizeContact for details
Days on Market125
Property Features for 570 Northeast 4th Terrace
General Information
Standard status
Active
Property subtype
Lot & Land
Zoning
RD
Units
Multifamily Units
27
Office Units
8
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,831
Amenities
No
Listing Agency:
Coast Life Properties LLC
Listed By:
Kyle Doyon · License #487512970
(616) 638-9795
Source:
Compass
Added: Jun 24
Changed: Oct 25
Last Checked: Jul 20 at 9:32PM
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
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Investment Insights
Based on property information with market context.
This undeveloped, entitled land is approved for a mixed-use development that includes 27 workforce housing units and eight lower-level contractor suites. Private stairways are planned to lead to upper-level living spaces, and a connecting door is designed to be lockable, allowing separate occupancy of the living area and the contractor suite when needed.
The property is zoned RD (confirm zoning for uses) and is located in an Opportunity Zone. It is deed-restricted under the Live Local Bill, requiring that 40% of units be rented to tenants earning less than 120% of area median income (AMI). As of April 2024, Cape Coral’s AMI is stated as $88,800.
The offering includes the option to acquire the entitled lot and building plans to build with a buyer’s own contractor and financing, or to use the current construction estimate referenced in the offering materials. Buyer is responsible for securing any future tenants or rental arrangements, as the property is not subject to any lease or rental agreements as of the information provided.
The property is zoned RD (confirm zoning for uses) and is located in an Opportunity Zone. It is deed-restricted under the Live Local Bill, requiring that 40% of units be rented to tenants earning less than 120% of area median income (AMI). As of April 2024, Cape Coral’s AMI is stated as $88,800.
The offering includes the option to acquire the entitled lot and building plans to build with a buyer’s own contractor and financing, or to use the current construction estimate referenced in the offering materials. Buyer is responsible for securing any future tenants or rental arrangements, as the property is not subject to any lease or rental agreements as of the information provided.
Key Highlights
- Entitled land with approved plans for a mixed‑use development: 27 workforce housing units and 8 contractor suites on the lower level.
- Zoned RD (verify zoning for intended uses). Property is currently undeveloped and not subject to any lease or rental agreements.
- Deed restriction under the Live Local Bill: 40% of units must be rented to tenants earning less than 120% of AMI.
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled site with approved plans for workforce housing units and eight lower-level contractor suites.
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 land with approved plans for a mixed‑use development: 27 workforce housing units and 8 contractor suites on the lower level.; Zoned RD (verify zoning for intended uses). Property is currently undeveloped and not subject to any lease or rental agreements.; Deed restriction under the Live Local Bill: 40% of units must be rented to tenants earning less than 120% of AMI.
