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    430 47Th Ter Cape Coral, FL 33914

    For Sale
    $1,450,000

    39 Units + 8,300 SF Commercial

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional Cape Coral investment opportunity features approved plans for a mixed-use development encompassing 39 workforce housing units and 8,300 square feet of commercial space. Located in South Cape Coral at 430 SW 47th Terrace, 33914, this fully entitled land parcel is zoned CP, offering flexibility for a variety of commercial uses (buyer to verify zoning). The workforce housing component is designed to meet the requirements of the Live Local Bill, with 40% of units reserved for individuals earning less than 120% of the Area Median Income (AMI), which was $88,800 in Cape Coral as of April 2024. The modern, efficient housing units are expected to command strong rental rates, providing a stable income stream. The substantial commercial space presents significant potential for long-term leases and diverse business ventures. This prime location offers convenient access to major highways, public transportation, schools, parks, restaurants, and healthcare facilities, ensuring high occupancy and tenant satisfaction. The property's strategic location within a rapidly growing area promises significant appreciation potential. Seller financing is available. This development contributes to the community by addressing the need for affordable housing and fostering economic growth. This is a rare opportunity to capitalize on the strong demand for both residential and commercial space in a thriving South Cape Coral market.

    Property Features for 430 47Th Ter

    General Information

    Property type
    Mixed-use properties

    HighLights

    • 39 workforce housing units meeting Live Local Bill criteria (40% of units rented to tenants earning under 120% of Cape Coral's AMI, $88,800 as of April 2024).
    • 8,300 square feet of versatile commercial space, ready for development with CP zoning.
    • Prime South Cape Coral location with excellent access to amenities and transportation.
    • Strong workforce housing market demand and additional revenue potential from commercial space.
    • Development aligns with local government priorities, boosting affordable housing and economic growth.
    • Fully entitled land for both residential and commercial components.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape Coral
    County
    Lee
    State
    Florida
    Longitude
    -81.984421423218
    Latitude
    26.563716242345

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    FAQs

    What type of property is this?
    Mixed-use property - 39 Units + 8,300 SF Commercial
    Where is this mixed-use property located?
    The property is located at 430 47Th Ter Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 39 workforce housing units meeting Live Local Bill criteria (40% of units rented to tenants earning under 120% of Cape Coral's AMI, $88,800 as of April 2024).; 8,300 square feet of versatile commercial space, ready for development with CP zoning.; Prime South Cape Coral location with excellent access to amenities and transportation.
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    430 47Th Ter Cape Coral, FL 33914
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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
    430 47Th Ter Cape Coral, FL 33914
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