430 47Th TerCape Coral, FL 33914

This exceptional Cape Coral investment opportunity features approved plans for a mixed-use development encompassing 39 workforce housing units and 8,300 square feet of commercial space. Located in South Cape Coral at 430 SW 47th Terrace, 33914, this fully entitled land parcel is zoned CP, offering flexibility for a variety of commercial uses (buyer to verify zoning). The workforce housing component is designed to meet the requirements of the Live Local Bill, with 40% of units reserved for individuals earning less than 120% of the Area Median Income (AMI), which was $88,800 in Cape Coral as of April 2024. The modern, efficient housing units are expected to command strong rental rates, providing a stable income stream. The substantial commercial space presents significant potential for long-term leases and diverse business ventures. This prime location offers convenient access to major highways, public transportation, schools, parks, restaurants, and healthcare facilities, ensuring high occupancy and tenant satisfaction. The property's strategic location within a rapidly growing area promises significant appreciation potential. Seller financing is available. This development contributes to the community by addressing the need for affordable housing and fostering economic growth. This is a rare opportunity to capitalize on the strong demand for both residential and commercial space in a thriving South Cape Coral market.