430 Southwest 47th Terrace

Cape Coral, FL 33914

$1,450,000
Price
29,969 / 0.69
Lot Size / Acres

Description

With approved building and MEP plans for mixed-use workforce housing and commercial space, this entitled land presents a prime investment opportunity in CP zoning, allowing flexibility for a wide range of uses (confirm with zoning). The development includes 39 workforce housing units and 8,300 square feet of commercial space, blending residential and commercial possibilities and creating the ideal live-work scenario. This property is ideal for developers or entrepreneurs looking to capitalize on...With approved building and MEP plans for mixed-use workforce housing and commercial space, this entitled land presents a prime investment opportunity in CP zoning, allowing flexibility for a wide range of uses (confirm with zoning). The development includes 39 workforce housing units and 8,300 square feet of commercial space, blending residential and commercial possibilities and creating the ideal live-work scenario. This property is ideal for developers or entrepreneurs looking to capitalize on the growing demand for affordable housing and commercial opportunities in the area. The 39 workforce housing units are designed with modern, efficient layouts to meet the needs of the local workforce. The 8,300 sq. ft. of commercial space is positioned to accommodate various business uses under CP zoning, providing flexibility and income potential through long-term leases. Located in the bustling South Cape Coral area, this parcel offers convenient access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities. Its strategic location ensures residents a high quality of life and access to local amenities. This investment offers strong potential due to the high demand for workforce housing, ensuring a stable rental market. The commercial space provides opportunities for long-term leases and additional revenue streams. Investing in this property also contributes to the local community by providing much-needed affordable housing and supporting local businesses. The growth potential is significant, with property values expected to rise as the area develops. Please note that this deed-restricted property under the Live Local Bill requires 40% of the units to be rented to individuals earning less than 120% of the Area Median Income (AMI). As of April 2024, the AMI in Cape Coral is $88,800. Seller financing is available.
  1. Listed by Kyle Doyon • Coast Life Properties LLC
  2. Listed by Melissa Abele • Coast Life Properties LLC

Property Details for 430 Southwest 47th Terrace

Development
CAPE CORAL
Community Type
No Subdivision, Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
City
LISTING UPDATED: 10/18/2024 10:03 AM

Property Details for 430 Southwest 47th Terrace

StatusActive
MLS #224056208
Days on Market124
Taxes$64,308 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot & Land
Year Built-
Lot Size0.69 AC
CountyLee County

Building Information for 430 Southwest 47th Terrace

Lot Size0.69 AC

Property Information for 430 Southwest 47th Terrace

Summary
Location and General Information
  • City: Cape Coral
  • Human Modified: Yes
  • Latitude: 26.56
  • Longitude: -81.98
  • MLS Area Major: CC21 - Cape Coral Unit 3,30,44,6
  • Postal Code: 33914
  • Road Surface Type: Paved
  • Street Direction Prefix: SW
  • Street Name: 47th
  • Street Number: 430
  • Street Suffix: TER
  • Block: 1700
  • Full Address: 430 SW 47th TER
  • View: Yes
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Maintenance: None
  • Tax Annual Amount: $64,308.00
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 11-45-23-C4-01700.0390
  • Property Type: Lot & Land
  • Section: 11
  • Lot Unit: 39
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Multiple Lots, Oversized Lot, See Remarks
  • Acres: 0.688
  • Lot Size Area: 0.688
  • Lot Size Dimensions: 240 x 125 x 240 x 126
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 44 BLK 1700 PB 21 PG 106 LOTS 39 THRU 44
  • Current Use: Commercial, Multi Family, Mixed Use
Property and Assessments
  • Possession: Close Of Escrow
  • Planned Use: See Remarks
  • Property Sub Type: Commercial
  • Township: 45
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Property Sub Type Additional: Commercial, Unimproved Land
  • Restrictions: No Restrictions
  • Zoning Code: CP
Lease Information
  • Land Lease Fee: $.00
  • Lease Considered: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Assessment Paid
  • Utilities: Electricity Available, Sewer Available, Trash Collection, Water Available
  • Water Source: Assessment Paid
  • Water: Assessment Paid
Multi Family
Multi-Family Information
  • Annual Food And Beverage Minimum: 0.00
  • Other Fee: $.00
Interior and Exterior Features
Exterior Features
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Exterior Features: None
  • Irrigation Source: None
  • Gulf Access: No
Interior Features
  • Elevator Text Details: None
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 430 Southwest 47th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 430 Southwest 47th Terrace

Taxable ValueLand$165,000Additions-Total$165,000
Tax Record2023$2,533 ($211 / month)
Home Facts
Lot Size30,000 SqFtStyleCommercialZoningP1-DCountyLEEAPN11-45-23-C4-01700.0390

Schools near 430 Southwest 47th Terrace

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
Cape Elementary School
PublicPK to 5

Gulf Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Pelican 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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430 Southwest 47th Terrace is a 0.69 ac of land for sale in Cape Coral, FL 33914. This property was listed for sale on July 2, 2024 by Coast Life Properties LLC, it's currently listed at $1,450,000. It has been on the market for a total of 124 days and was last sold on October 27, 2023. This listing's school district is Lee. Nearby schools include Cape Elementary School, Gulf Elementary School and Skyline Elementary School. 430 Southwest 47th Terrace is a 0-bed, 0-bath, 0.69 ac of land on a 29,969 sq. ft. / 0.69 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coast Life Properties LLC, Kyle Doyon; Coast Life Properties LLC, Melissa Abele

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.