430 SW 47th Terrace Cape Coral, FL 33914
For Sale MLS# 224056208
Commercial
Details for 430 SW 47th Terrace
MLS# 224056208
Description for 430 SW 47th Terrace, Cape Coral, FL, 33914
Prime development opportunity in South Cape Coral! This entitled land parcel is offered with approved building and MEP plans for a mixed-use project. The site is zoned CP (confirm with zoning for intended use) and is designed for 39 workforce housing apartments and 8,300 square feet of commercial space, offering an ideal live-work scenario. The residential units feature modern, efficient layouts tailored to the local workforce, while the commercial space offers flexibility for a wide range of business uses. Situated in a rapidly growing area, the property provides excellent access to public transportation, major roadways, schools, parks, dining options, and healthcare facilities. This strategic location supports a high quality of life for residents and strong visibility for businesses. 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 Florida’s 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. Buyers may select either of two paths: acquire the lot and 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 upon delivery. Seller financing is available. Whether you're a developer or investor seeking to contribute to Cape Coral’s workforce housing solutions while capturing long-term value, this property is ready for action.
Listing Information
Property Type: Commercial, Commercial,Unimproved Land
Status: Active
Lot Size: 0.69 Acres
Subdivision: Cape Coral
Current Use: Commercial,Multi-Family,Mixed Use
County: Lee
Days On Market: 380
Utilities
Water: Assessment Paid
Sewer: Assessment Paid
Other Utilities: Electricity Available,Sewer Available,Trash Collection,Water Available
Exterior / Lot Features
Lot View: City
Lot Dimensions: 240 x 125 x 240 x 126
Zoning: CP
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: 11-45-23-C4-01700.0390
Tax Amount: 64308
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 430 SW 47th Terrace
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 430 SW 47th Terrace
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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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