1. Florida
2. Cape Coral
3. 570 NE 4th TER

570 NE 4th TER, Cape Coral, FL 33909

Property Description

Entitled land with approved plans for a mixed-use development featuring workforce housing and commercial contractor suites. This property is zoned RD (confirm zoning for uses) and presents a prime opportunity for developers and investors. The project comprises 27 workforce housing units, designed to meet the growing demand for affordable housing and offering well-planned and comfortable living spaces. 8 versatile contractor suites are available on the lower level. Private stairways lead to upper-level living spaces, perfect for those seeking a live-work lifestyle. The connecting door can be securely locked, allowing separate tenants to occupy the living space and contractor suite independently if needed. Located in the Opportunity Zone, this property offers excellent tax benefits, as well as access to public transportation, major highways, and local amenities, making it an attractive location for both 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 high demand for workforce housing, this development offers a strong 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.

Listing Status:

Active

Date Added:

October 12, 2025 at 05:00AM

Listing Office:

Coast Life Properties LLC : 239-402-5581

Listing Agent:

Kyle Doyon : 616-638-9795

MLS ID:

2025013387

Location

• HOA Amenities: 0.0
• Originating MLS: FGC_FORT
• County: Lee

Lot

• Zoning: CAPE CORAL UNIT 35 BLK 2378 PB 16 PG 103 LOTS 11 + 1212-44-23-C2-02378.0110
• Current Use: Commercial

Utilities

• Utilities: NoneSewer Not AvailableWater Not Available
• Water: None
• Sewer: None

Financial

• Source: FGC_FORT

This listing courtesy of Kyle Doyon, Coast Life Properties LLC