We are the World
430 47th Ter, CAPE CORAL, FL 33914
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  • MLS#: 2025015434 ( Commercial Sale )
  • Street Address: 430 47th Ter
  • Viewed: 2
  • Price: $10,000,000
  • Price sqft: $233
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 2026
  • Bldg sqft: 42904
  • Additional Information
  • Geolocation: 26.5635 / -81.9844
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33914
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  • Description
    Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved plans for a mixed use project featuring 39 workforce housing apartments and 8300 sq ft of commercial space. The site is zoned CP (confirm with zoning for intended use), offering an ideal live work scenario for residents. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. High rental demand and flexible use make this a standout investment opportunity, offering stable income potential through long term residential and commercial leases. The property is deed restricted under Floridas Live Local Bill, requiring 40% of units to be leased to individuals earning no more than 120% of the Area Median Income (AMI), which is $88,800 as of April 2024. Whether you're a developer or investor seeking to contribute to Cape Corals workforce housing solutions while capturing long term value, this property is ready for action. Buyers have options: 1) Acquire the entitled lot (3.5M) and building plans to build under their own contractor and financing. 2) Use Curran Young and the current construction estimate we have. $250/sf = 18.5M 3) Join us, if you are an accredited investor, through our fund. Pre construction pricing is subject to change. Specifications, features, and availability may be modified prior to contract. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.
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Features
Building and Construction
  • Living Area: 42904
Finance and Tax Information
  • Tax Year: 2025
Other Features
  • Parcel Number: 11-45-23-C4-01700.0390
  1. We are the World