570 NE 4th TER, Cape Coral, FL 33909
570 NE 4th TER, Cape Coral, FL 33909
570 NE 4th TER, Cape Coral, FL 33909
570 NE 4th TER, Cape Coral, FL 33909
570 NE 4th TER, Cape Coral, FL 33909
570 NE 4th TER, Cape Coral, FL 33909
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Bent Danholm

Bent Danholm

+1(407) 288-0704
$ 995,000
Est. payment | /mo

0.69 Acres Lot

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$ 995,000
Est. payment | /mo
Save Virtual Tour

0.69 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Commercial Lot

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 2026029090

HOA Y/N No

Annual Tax Amount $4,831

Tax Year 2024

Lot Size 0.689 Acres

Acres 0.6887

Property Sub-Type Commercial Lot

Source Florida Gulf Coast

Property Description

Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed. Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both 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. The property's design supports community impact, fostering a vibrant and integrated environment. 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. Buyers have options: 1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate: $250/sf. Pre-construction pricing is subject to change. Specifications, features, and availability may be modified prior to contract. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.

Location

State FL

County Lee

Area Cc31 - Cape Coral Unit 17, 31-36,

Zoning RD

Exterior

Community Features No Subdivision

Utilities Available None

Waterfront Description None

View Y/N No

View None/Other

Present Use Commercial,Multi_MF

Private Pool No

Building

Lot Description 3 Lots, Regular

Sewer None

Water None

Others

HOA Fee Include None

Tax ID 12-44-23-C2-02378.0110

Acceptable Financing Buyer Finance/Cash, Owner Will Carry

Listing Terms Buyer Finance/Cash, Owner Will Carry

Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025013387

Listed by Coast Life Properties LLC • Kyle Doyon

NEARBY SCHOOL & BUSINESS

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570 NE 4th TER

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