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    1632 17Th St Cape Coral, FL 33909

    For Sale
    $95,000

    10,000 SF Vacant Land, RML Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 10,000 square foot vacant land parcel presents a compelling investment opportunity in the thriving Cape Coral, Florida market. Located at 1632 NE 17th Street, zip code 33909, this property is zoned RML, making it ideally suited for multifamily residential development. The high demand for rental units in this area makes this a particularly attractive proposition for builders and developers. Comparable duplex lots in the immediate vicinity are currently selling for over $100,000, underscoring the significant potential return on investment. This property offers a unique chance to capitalize on the robust growth of the Cape Coral housing market. The location within a desirable neighborhood further enhances its appeal. The asking price for this prime development site is $95,000. This represents a significant opportunity to acquire land in a rapidly expanding market, poised for substantial appreciation. Don't miss this chance to secure a foothold in one of Florida's most dynamic real estate markets. The property is situated in Lee County, Florida, and its coordinates are 26.6841934 latitude and -81.9395781 longitude. This vacant land offers a blank canvas for a lucrative multifamily residential project.

    Property Features for 1632 17Th St

    General Information

    Property type
    Multifamily properties

    HighLights

    • $95,000 asking price.
    • 10,000 sq ft lot.
    • Cape Coral, FL location at 1632 NE 17th Street.
    • RML zoning allows for multifamily development.
    • High demand for multifamily rentals in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.9395781
    Latitude
    26.6841934

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    FAQs

    What type of property is this?
    Multifamily property - 10,000 SF Vacant Land, RML Zoning
    Where is this multifamily property located?
    The property is located at 1632 17Th St Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: $95,000 asking price.; 10,000 sq ft lot.; Cape Coral, FL location at 1632 NE 17th Street.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1632 17Th St Cape Coral, FL 33909
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