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826 37th Terrace - Pelican Apartments 0.24 Acres of Commercial Land Offered at $556,685 CAD in Cape Coral, FL 33914
PROPERTY FACTS
| Price | $556,685 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.24 AC |
| Property Type | Land | ||
| Zoning | RML | ||
| Price | $556,685 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.24 AC |
| Zoning | RML |
1 LOT AVAILABLE
Lot
| Price | $556,685 CAD | Lot Size | 0.24 AC |
| Price Per AC | $2,319,520.02 CAD |
| Price | $556,685 CAD |
| Price Per AC | $2,319,520.02 CAD |
| Lot Size | 0.24 AC |
Located off Skyline Boulevard and north of Mohawk Parkway, the property sits within a quiet residential pocket near the Cape Coral–Lee County Public Library and surrounding neighborhood amenities.
DESCRIPTION
This shovel-ready lot comes equipped with fully approved plans for a 7-unit multifamily development, offering an immediate opportunity to begin construction without the delays of design or permitting. The project, known as Pelican Apartments, features a two-story building totaling approximately 10,070 square feet, with a mix of spacious two- and three-bedroom units. Zoned RML (Residential Multi-Family), the property permits multifamily construction and is fully supported by the city’s future land-use designation. All architectural, civil, structural, and MEP plans are included in the sale—representing over $120,000 in completed work. The property’s design incorporates modern elevations and functional layouts that align with current city standards. Ideal for investors or builders looking for a turnkey multifamily opportunity in Cape Coral, this site eliminates the upfront hurdles of planning and approvals, allowing the next owner to close and break ground immediately.
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826 37th Terrace - Pelican Apartments
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