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    3727 15Th Pl Cape Coral, FL 33904

    Sponsored
    For Sale
    $2,150,000

    78 Units, Entitled Land, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents 1.33 acres of entitled land in Cape Coral, Florida, with approved plans for a six-story, mixed-use development. The project encompasses 78 units, including 70 workforce housing units designed to meet the area's high demand for affordable housing, and 8,300 square feet of versatile commercial space suitable for various C1-zoned uses. The development is strategically located in South Cape Coral, offering convenient access to major highways, public transportation, and local amenities such as schools, parks, restaurants, and healthcare facilities. The property benefits from the Live Local Bill, requiring 40% of the residential units to be rented to tenants earning less than 120% of the Area Median Income (AMI), which was $88,800 in April 2024. This ensures a stable rental income stream and aligns with community development goals. The approved building and MEP plans significantly reduce development time and costs. Seller financing is available, making this a compelling investment opportunity with strong potential for appreciation given the ongoing growth and development in South Cape Coral. The commercial space offers additional revenue potential through long-term leases. This project offers a blend of workforce housing and commercial space, creating a vibrant and integrated community environment. The asking price is $2,150,000.

    Property Features for 3727 15Th Pl

    General Information

    Property type
    Mixed-use properties
    Lot Size
    57,935 SF

    Building Details

    Buildings
    1
    Stories
    6
    Units
    78

    HighLights

    • 70‑unit workforce housing development and 8,300 SF of commercial space on entitled land in South Cape Coral.
    • Live Local Bill incentives and strong market demand for workforce housing and commercial space.
    • Seller financing available.
    • Building and MEP plans approved for both residential and commercial components.
    • Prime South Cape Coral location with excellent access to amenities and transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -81.9429789
    Latitude
    26.582383

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    FAQs

    What type of property is this?
    Mixed-use property - 78 Units, Entitled Land, High ROI
    Where is this mixed-use property located?
    The property is located at 3727 15Th Pl Cape Coral, FL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 70-unit workforce housing development and 8,300 SF of commercial space on entitled land in South Cape Coral.; Live Local Bill incentives and strong market demand for workforce housing and commercial space.; Seller financing available.
    Request Owner's contact information
    3727 15Th Pl Cape Coral, FL 33904
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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
    3727 15Th Pl Cape Coral, FL 33904
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