High End Multi-Family Site

1308-1326 SW 47th Terrace Cape Coral, FL 33914

1308-1326 SW 47th Terrace, Cape Coral, FL, 33914
SW 47th Terrace - Property Photo
1308-1326 SW 47th Terrace, Cape Coral, FL, 33914 1308-1326 SW 47th Terrace, Cape Coral, FL, 33914
FOR SALE
Property Type:
Multifamily Land
Amount:
$5,000,000
Last Verified:
Feb 20, 2023


Description

Assessments have been paid in full.
Very few multi-family parcels of this size remain available in the southern part of Cape Coral, FL.
Zoning was changed in August 2021 from RML(16 UNITS/ACRE) to RMM(25 UNITS/ACRE) allowing up to 75 units on this site.
The zoning change also allows up to 50’ height from 38’.
A half-block away from Publix-anchored Camelot Isles Shopping Center and top restaurant options like Lobster Lady, Ceno Grille, JP Fusion, and Overtime Pizza.
Less than a 5-minute drive brings you to Cape Harbor or Tarpon Pointe marinas.
Southwest Cape Coral brings you the highest and best demographics in Cape Coral.

Located on Cape Coral Parkway in the beautiful Southwest section of the city, this 3-acre site offers a premium location for a high-end Multifamily development. The zoning has been upgraded to allow 25 Du/Acre and utilities are there.

Lot Size: 3.0 acres


Documents

Sw 47th Terrace 1308-1326 Flyer.pdf

Map of 1308-1326 SW 47th Terrace, Cape Coral, FL, 33914

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.