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. The property's design supports community impact, fostering a vibrant and integrated environment. 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. Buyers have options: 1) Acquire the entitled lot ($995,000) and building plans to build under their own contractor and financing 2) Use Curran Young and the current construction estimate: $250/sf. Pre-construction pricing is subject to change. Specifications, features, and availability may be modified prior to contract. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.

Listing Status:

Active

Date Added:

July 7, 2026

Data Last Updated:

July 28, 2026 at 2:09PM

Listing Office:

Coast Life Properties LLC : (239) 402-5581

MLS ID:

2026029090

Location

• HOA Amenities: 0.0
• Originating MLS: Florida Gulf Coast
• County: Lee

Lot

• Zoning: RDCAPE CORAL UNIT 35 BLK 2378 PB 16 PG 103 LOTS 11 + 1212-44-23-C2-02378.0110
• View: View
• Current Use: 10-Vacant Commercial
• Restrictions: Deeded

Utilities

• Utilities: None
• Water: None
• Sewer: None

Financial

• Source: Florida Gulf Coast