3727 SE 15th Place - Cape Coral - Florida

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Entitled Land with ApprovednArchitectural Plans for Mixed-Use Workforce Housing & Commercial Space For Sale: OVERVIEW This property is perfectly positioned in C1 zoning to fit all available uses (check with zoning). Prime opportunity to invest in a lucrative development featuring 70 units of workforce housing and 8,300 sq ft of versatile commercial space. This property offers a dynamic blend of residential and commercial possibilities, making it an ideal investment for developers and entrepreneurs alike. KEY PLAN FEATURES -70 Workforce Housing Units: Designed to meet the growing demand for affordable housing, these units provide comfortable and modern living spaces for our hardworking workforce. Each unit is thoughtfully planned to maximize space and livability. -8,300 Sq Ft of Commercial Space: Perfectly positioned for retail, office, or mixed-use purposes, this expansive commercial area offers flexibility to accommodate a variety of businesses. LOCATION Vacant land situated in the thriving South Cape Coral area with excellent access to public transportation, major highways, and local amenities, this property is ideally located to attract a steady stream of residents and commercial tenants. Proximity to schools, parks, restaurants, and healthcare facilities ensures convenience and a high quality of life for residents. INVESTMENT HIGHLIGHTS -Strong Demand: Workforce housing is in high demand, providing a stable and reliable rental market. The commercial space adds an additional revenue stream with potential for long-term leases. -Community Impact: Contribute positively to the community by providing much-needed affordable housing and supporting local businesses. This planned development fosters a vibrant, integrated community environment. -Growth Potential: The strategic location and mixed-use nature of the property offer significant appreciation potential. As the area continues to develop, property values are expected to rise, making this a great investment opportunity. *Deed restricted property through the Live Local Bill, requiring 40% of units to be rented to renters earning less than 120% of the AMI. As of April of 2024, the AMI in Cape Coral is $88,800. SELLER FINANCING AVAILABLE