Office for sale – 885 47th Terrace SE, Cape Coral, FL 33904, USA

  • $3,000,000
885 47th Terrace SE, Cape Coral, FL 33904, United States
For Sale

Office for sale – 885 47th Terrace SE, Cape Coral, FL 33904, USA

885 47th Terrace SE, Cape Coral, FL 33904, United States
  • $3,000,000

Overview

  • Office
  • Property Type
  • 1981
  • Year Built

Description

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 CRAs mission is to facilitate a vibrant urban village where people of all ages will live, work, shop, dine, and be entertained.

Details

Updated on November 25, 2021 at 2:07 pm
  • Price: $3,000,000
  • Land Area: 0.75 sqft
  • Year Built: 1981
  • Property Type: Office
  • Property Status: For Sale
  • Address 885 47th Terrace SE
  • City Cape Coral
  • State/county Florida
  • Zip/Postal Code 33904
  • Area Lee
  • Country USA

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