3727 Southeast 15th Place
$2,150,000
44,997 / 1.03
Description
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office,...Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. 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.
- Listed by Kyle Doyon • Coast Life Properties LLC
- Listed by Melissa Abele • Coast Life Properties LLC
Property Details for 3727 Southeast 15th Place
Development
CAPE CORAL
Community TypeNon-Gated
WaterfrontNo
Waterfront DescNone
Waterfront DescNone
ViewCity
LISTING UPDATED: 10/18/2024 10:03 AM
Property Details for 3727 Southeast 15th Place
Status | Active |
---|---|
MLS # | 224056206 |
Days on Market | 91 |
Taxes | $60,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot & Land |
Year Built | - |
Lot Size | 1.03 AC |
County | Lee County |
Building Information for 3727 Southeast 15th Place
Lot Size1.03 AC
Property Information for 3727 Southeast 15th Place
Property History for 3727 Southeast 15th Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3727 Southeast 15th Place
Taxable ValueLand$60,000Additions-Total$60,000
Tax Record2023$1,553 ($129 / month)
Home Facts
Lot Size15,000 SqFtStyleCommercialZoningC-1CountyLEEAPN06-45-24-C3-00526.0760
Schools near 3727 Southeast 15th Place
This home is within Lee.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 5 |
Rating | School | Distance |
---|---|---|
Pelican Elementary School PublicPK to 5 | ||
Skyline Elementary School PublicPK to 5 | ||
Patriot Elementary School PublicPK to 5 | ||
Cape Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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