UPDATED:
10/18/2024 06:03 PM
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 224056206
HOA Y/N No
Annual Tax Amount $60,000
Tax Year 2023
Lot Size 1.033 Acres
Acres 1.033
Lot Dimensions Appraiser
Property Description
Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents.
With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Seller financing is available.
Location
State FL
County Lee
Community Cape Coral
Area Cc12 - Cape Coral Unit 7-15
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Community Features Non- Gated
Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
Amenities Available None
Waterfront No
Waterfront Description None
View Y/N Yes
Water Access Desc Assessment Paid
View City
Present Use Commercial,Multi-Family,Mixed Use
Garage No
Building
Lot Description Multiple lots, Oversized Lot, See Remarks
Faces Southeast
Sewer Assessment Paid
Water Assessment Paid
Others
HOA Fee Include None
Senior Community No
Tax ID 06-45-24-C3-00526.0760
Acceptable Financing All Financing Considered, Cash, 1031 Exchange, Owner May Carry
Listing Terms All Financing Considered, Cash, 1031 Exchange, Owner May Carry
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