3801 SE 15th Pl, Cape Coral, FL 33904 3801 SE 15th Pl 8,300 SF 100% Leased Office Building Cape Coral, FL 33904 $2,582,100 CAD ($311.10 CAD/SF) 15.00% Cap Rate

This entitled land in South Cape Coral offers a ready-to-develop opportunity with 70 workforce housing units and 8,300 square feet of commercial space. With its prime location, government incentives through the Live Local Bill, and strong demand for workforce housing and commercial leasing, this property is ideal for investors and developers looking for a project with high potential returns.
KEY FEATURES:
Workforce Housing Units:
-70 units designed to address the region's rising demand for affordable workforce housing.
-Each unit is modern and efficient and maximizes space and livability.
-The development meets the criteria set forth by the Live Local Bill, which requires 40% of units to be rented to tenants earning less than 120% of the AMI. Cape Coral's AMI (as of April 2024) is $88,800.
Commercial Space:
-8,300 square feet of versatile commercial space approved and ready for development.
-Perfectly positioned for various C1 zoning uses (confirm with zoning), offering developers flexibility and long-term revenue potential.
INVESTMENT HIGHLIGHTS:
Prime Location:
-The property is strategically located in South Cape Coral, a high-growth area with increasing demand for residential and commercial spaces.
-Excellent access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities attracts a steady stream of residents and commercial tenants.
Market Demand:
-The workforce housing market is strong, providing a stable rental income stream and low vacancy.
-Commercial space offers additional revenue opportunities through long-term leases and various business uses.
Community and Economic Impact:
-The development aligns with local government priorities by increasing the supply of affordable housing while supporting economic growth in the community through job creation and business development.
DEVELOPMENT BENEFITS:
Entitled Land:
-Building and MEP approvals are in place for both the workforce housing and commercial space, saving the buyer time and resources.
Appreciation Potential:
-With South Cape Coral’s ongoing growth and development, the property’s value is poised to increase significantly in the coming years.
-As the area continues to expand, residential and commercial demand will rise, enhancing long-term returns on investment.
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.

PRESENTED BY:
Kyle Doyon, Broker
Coast Life Properties
(616) 638-9795
CONTACT US:
Don't miss out on this exceptional investment opportunity. For more information, visit our website: www.CoastLifeCompanies.com OR contact us today: (616) 638-9795; KD@CoastLifeCompanies.com