Homes for sale - 432 Diplomat PKWY W, Cape Coral, FL 33993

Key Details

Property Type Vacant Land

Sub Type Commercial Lot

Listing Status Active

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 225020912

Annual Tax Amount $427

Tax Year 2024

Lot Size 3,123 Sqft

Acres 0.0717

Property Sub-Type Commercial Lot

Source Bonita Springs

Property Description

Lot is too small to build on without adding other nearby lots. Seller does own lot 430 Diplomat PKWY W also that is listed. Great for investors wanting to accumulate commercial property in a growing area. Lot is too small to build on without adding other nearby lots. Seller does own lot 432 Diplomat PKWY W also that is listed. Great for investors wanting to accumulate commercial property in a growing area. Prime Investment Opportunity at 432 Diplomat Pkwy W, Cape Coral, FL 33993. Seize this exceptional chance to acquire a strategically located parcel & its adjacent parcel, in the rapidly developing area of Cape Coral - the lot presents a unique investment prospect, especially when combined with the adjacent property at 430 Diplomat Pkwy W, also available for purchase. Key Features: strategic Location: Nestled in a burgeoning commercial district, this property offers significant potential for future development. Investment Potential: Ideal for investors aiming to consolidate parcels for larger-scale projects, enhancing the property's utility and value. Opportunity Under the Live Local Act:
The recently enacted Live Local Act in Florida is designed to boost affordable housing by allowing administrative approval of multi-family and mixed-use residential developments in commercial zones. This legislation provides investors with avenues to develop affordable housing projects, potentially benefiting from various incentives and streamlined processes. Considerations:Given the lot's current size constraints for standalone development, acquiring adjacent parcels, such as 430 Diplomat Pkwy W, is advisable to meet building requirements and fully capitalize on the property's potential. 432 Diplomat Pkwy W represents a promising investment for those looking to participate in Cape Coral's growth. By leveraging opportunities presented by the Live Local Act and considering parcel consolidation, investors can unlock substantial value in this property.

Location

State FL

County Lee

Area Cc41 - Cape Coral Unit 37-43,48,49

Zoning MR

Direction Diplomat Pkwy between Santa Barbara And Nelson

Exterior

Community Features No Subdivision

Utilities Available Electricity Available

Waterfront Description None

View Y/N No

View None/Other

Present Use Commercial

Street Surface Paved

Private Pool No

Building

Lot Description Regular

Faces Diplomat Pkwy between Santa Barbara And Nelson

Sewer None

Water None

Others

HOA Fee Include None

Tax ID 02-44-23-C1-02659.A140

Acceptable Financing Cash,Consider 1st Mortgage

Listing Terms Cash,Consider 1st Mortgage