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1516 SE 46th Ln - Downtown Cape Coral Assemblage 0.66 Acres of Commercial Land Offered at $2,738,778 CAD in Cape Coral, FL 33904
INVESTMENT HIGHLIGHTS
- Assemblage in the Cape Coral Downtown Community Redevelopment Area - Great Investment/Development Opportunity!
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER AC (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
PROPERTY FACTS
| Price | $2,738,778 CAD | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Bulk/Portfolio Sale | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.66 AC |
| Zoning | SC - Located in the Downtown Mixed (DM) Future Land Use District and South Cape (SC) zoning district, MF at 125 units per acre & commercial at 4 FAR. | ||
| Price | $2,738,778 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.66 AC |
| Zoning | SC - Located in the Downtown Mixed (DM) Future Land Use District and South Cape (SC) zoning district, MF at 125 units per acre & commercial at 4 FAR. |
1 LOT AVAILABLE
Lot
| Price | $2,738,778 CAD | Lot Size | 0.66 AC |
| Price Per AC | $4,125,640.59 CAD |
| Price | $2,738,778 CAD |
| Price Per AC | $4,125,640.59 CAD |
| Lot Size | 0.66 AC |
There are four properties assembled totaling 28,917 sf. Of the 28,917 there are two improved vacant lots that total 10,175 sf and two parcels totaling 18,742 sf. with existing one story office buildings with tenants in each of the two properties.
DESCRIPTION
Great investment and/or development opportunity in Cape Coral's downtown Community Redevelopment Area (CRA). Assemblage of four parcels totaling 28,917 sf. includes 1502 -1516 SE 47th Lane. Mixed use development, residential up to 125 units/acre and a range of commercial uses up to 4 FAR are permitted. Building height is limited to 120 ft or 10 stories. Tax increment financing (TIF) is available. There are tenants in the one story office buildings on 1510 and 1516 SE 4th with a gross income of $82,800. City has invested heavily in the downtown, upgraded and underground utilities, planned events and venues, new development Bimini Basin and the Cove. More information available upon request.
Presented by
1516 SE 46th Ln - Downtown Cape Coral Assemblage
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