High End Multi-Family Site

$4,595,000

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

For Sale

Land

Active

Last Updated: 12/31/2024

Details:

Lot Area: 3 acres

Offered by

Bob O’Connor

Associate

LQ Commercial

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Highlights:

RMM (25 UNITS/ACRE) allowing up to 75 units
Assessments have been paid in full.
Less than a 5-minute drive brings you to Cape Harbor or Tarpon Pointe marinas.
Close to Publix-anchored Camelot Isles Shopping Center.

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 multi-family development. The zoning has been upgraded to allow 25 Du/Acre and utilities are there.