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.
Listing courtesy of RE/MAX Trend.
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida MLS Listing Service. Properties listed with brokerage firms other than our company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2021 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. Data last updated .