3731 SE 15th Place Cape Coral, FL 33990
For Sale MLS# 224056206
Commercial
Details for 3731 SE 15th Place
MLS# 224056206
Description for 3731 SE 15th Place, Cape Coral, FL, 33990
Entitled land with approved building and MEP plans for a mixed-use development featuring workforce housing and commercial space. This property is zoned C1 (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project includes 70 workforce housing units designed to meet the increasing demand for affordable housing, offering well-planned and comfortable living spaces. In addition, 8,300 square feet of versatile commercial space is available for retail, office, or mixed-use purposes, providing ample flexibility for various businesses. Located in the thriving South Cape Coral area, this property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. The nearby schools, parks, restaurants, and healthcare facilities further enhance the appeal, ensuring a high quality of life for future residents. With strong demand for workforce housing, this development offers a stable rental market, complemented by the potential for long-term commercial leases. The property’s design supports community impact, fostering a vibrant and integrated environment. As the area grows and develops, there is significant appreciation potential, making this a compelling investment opportunity. The property is deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Seller financing is available. Buyers may select either of two paths: Acquire the lot an build under their own contractor and financing or partner with Coast Life Developers through a build-for-buyer agreement, with the option for long-term property management. Long-term property management is available upon delivery.
Listing Information
Property Type: Commercial, Commercial,Unimproved Land
Status: Active
Lot Size: 1.03 Acres
Subdivision: Cape Coral
Current Use: Commercial,Multi-Family,Mixed Use
County: Lee
Days On Market: 505
Utilities
Water: Assessment Paid
Sewer: Assessment Paid
Other Utilities: Cable Available,Electricity Available,Sewer Available,Trash Collection,Water Available
Exterior / Lot Features
Lot View: City
Lot Dimensions: 120 x 120 x 121 x 121
Zoning: C1
Additional Exterior/Lot Features: See Remarks, Multiple lots, Oversized Lot
Community Features
Community Features: Non-Gated
Financial Considerations
Terms: All Financing Considered,Cash,1031 Exchange,Owner May Carry
Tax/Property ID: 06-45-24-C3-00526.0760
Tax Amount: 60000
Tax Year: 2023
A broker reciprocity listing courtesy: Coast Life Properties LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3731 SE 15th Place
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3731 SE 15th Place
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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