1510 47Th TerCape Coral, FL 33904

Property Details for 1510 47Th Ter

Year built

1964

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.01 AC

Property size (Sq ft)

2,193 SF

Zone code

SC

Property type

Medical offices

Property subtype

Medical centers

APN

07-45-24-C3-01065.0210

APU

074524C3010650210

Description

This exceptional mixed-use development site presents a prime opportunity in the heart of Cape Coral, Florida. Located at 1510 SE 47th Terrace, this 33904 address boasts a coveted mixed-use zoning designation, allowing for the construction of a building up to ten stories high. The site's potential is significant, with plans accommodating approximately 125 residential units and a substantial commercial component. The projected parking capacity is approximately 275 spaces, ensuring ample accommodation for residents and patrons. This location offers unparalleled access to the vibrant downtown area, providing future residents and businesses with convenient proximity to amenities, services, and attractions. The property's strategic positioning within Cape Coral positions it for strong rental demand and significant commercial activity. This redevelopment project presents a unique chance to shape the future of Cape Coral's downtown landscape, creating a thriving community hub. The site's zoning and potential for a high-rise building offer exceptional flexibility for a developer seeking to create a landmark project. Detailed plans and specifications are available upon request. This is a rare opportunity to acquire a prime development site in a rapidly growing Florida city. Serious inquiries only. Contact us to discuss this exciting investment prospect further.

• CAP approach

  CAP return

  Valuation

  6%

  $581,716

  6.5%

  $536,968

  7%

  $498,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,937

  Geo Method

  $400,508

• Alternative Use

  Use

  Valuation

  Residential

  $665,840

  Hospitality

  $609,906

  Educational

  $507,435

  Medical

  $524,886

  Retail

  $789,343

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.5634

Longitude

-81.9451

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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