432 Diplomat PKWY W Cape Coral, FL 33993
3,123 Sqft Lot
UPDATED:
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
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