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$3,000,000
885 Se 47th Ter, Cape Coral, FL 33904
0 Beds
0 Baths
n/a sqft

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Downtown Cape Coral Redevelopment Opportunity located on the most sought-after area in Cape Coral. The site consists of two existing office buildings and vacant lot totaling .75 acres of developable land located on 47th And SE 9th. The City has approved a 3.9 acre mixed-use development directly across the street called “The Cove on 47th” formally known as “Village Square” and plans to break ground on the 66M dollar development in early 2022. The Cove project consists of approximately 290 apartment units, 19,000 square feet of restaurant space including a rooftop bar. As part of the agreement, the city is contributing $20 million in sewage upgrades and $10.4 million in incentives to fund the construction of a 525-space parking garage available for public use. There are plenty of approved uses including ground floor retail and multifamily development up to 10 stories and 125 units per acre. The South Cape CRA’s mission is to facilitate a vibrant urban village where people of all ages will live, work, shop, dine, and be entertained.
  • Price:
  • $3,000,000
  • Acreage:
  • 0.75
  • Year Built:
  • 1981
  • Listing ID #:
  • 221071842
  • Street Address:
  • 885 Se 47th Ter
  • City:
  • Cape Coral
  • State:
  • Florida
  • Postal Code:
  • 33904
  • County:
  • Lee
  • Community:
  • Cc12 - Cape Coral Unit 7-15
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Condition:
  • Resale
  • Number Of Floors In Unit:
  • Three Or More
  • Stories:
  • 1
  • Style:
  • High Rise, Mid Rise
  • Year Built:
  • 1981
  • Business Type:
  • Medical, Professional/Office, Other, Restaurant, Retail
  • Approximate Lot Size Range Source:
  • Appraiser
  • Existing Land Use:
  • Commercial
  • Lot Size:
  • 0.75
  • Zoning Description:
  • Sc
  • Days On Market:
  • 36
  • On Market Date:
  • 2021-10-21
  • Originating Mls:
  • Swfl
  • Location Description:
  • On The Corner Of Se 47th Terrace And Se 9th Place One Block North Of Cape Coral Pkwy.
  • Property Taxes:
  • $6,329
  • Tax Year:
  • 2020
  • Has Central Air Conditioning:
  • Yes
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By RE/MAX Trend
  • The source of the foregoing property information is a database compilation of an organization that is a member of the Southwest Florida Multiple Listing Service. Each Southwest Florida Multiple Listing Service member organization owns the copyright rights in its respective proprietary database compilation, and reserves all such rights. Copyright © 2013. The foregoing information including, but not limited to, any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations, or acreage is believed to be accurate, but is not warranted or guaranteed. This information should be independently verified before any person enters into a transaction based upon it.

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