Pelican Apartments
826 SW 37th Ter
Cape Coral, FL 33914
Description
This shovel-ready lot comes equipped with fully approved plans for a 7-unit multifamily development, offering an immediate opportunity to begin construction without the delays of design or permitting. The project, known as Pelican Apartments, features a two-story building totaling approximately 10,070 square feet, with a mix of spacious two- and three-bedroom units.
Zoned RML (Residential Multi-Family), the property permits multifamily construction and is fully supported by the city’s future land-use designation. All architectural, civil, structural, and MEP plans are included in the sale—representing over $120,000 in completed work. The property’s design incorporates modern elevations and functional layouts that align with current city standards.
Ideal for investors or builders looking for a turnkey multifamily opportunity in Cape Coral, this site eliminates the upfront hurdles of planning and approvals, allowing the next owner to close and break ground immediately.
Located off Skyline Boulevard and north of Mohawk Parkway, the property sits within a quiet residential pocket near the Cape Coral–Lee County Public Library and surrounding neighborhood amenities.
