Property profile

0 23Rd Ave Cape Coral, FL 33993

OFF-MARKET
Land
0.41 ac lot
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Property summary

AI-generated overview

This exceptional 0.41-acre commercial land parcel, located at 719 NW 23rd Ave, Ocala, FL 34475-5703, presents a unique investment opportunity. Zoned R-3, it offers significant potential for various multi-family developments. Preliminary plans suggest the site is suitable for a four-unit apartment building, four townhomes, or two duplexes. The property's APN is 22440-000-01, 22440-000-00. One portion of the lot includes impact fee credits previously approved for a single-family dwelling, potentially reducing development costs. This is a for-sale-by-owner listing with an asking price of $115,000. The property is conveniently located in Ocala, Florida, offering easy access to local amenities and transportation routes. Serious inquiries are encouraged to explore the full development potential of this strategically positioned land. Act quickly to secure this promising investment opportunity. The property is located in Lee County, Florida, although the address indicates Ocala. This discrepancy should be verified independently.

Property profile

Verified
Property type Land
Lot 0.41 ac (17,860 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

23Rd Ave Cape Coral, FL 33993
Cape Coral metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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