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430 Diplomat PKWY W Cape Coral, FL 33993
3,123 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 225020970
HOA Y/N No
Annual Tax Amount $427
Tax Year 2024
Lot Size 3,123 Sqft
Acres 0.0717
Source Bonita Springs
Property Description
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 430 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 432 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 432 Diplomat Pkwy W, is advisable to meet building requirements and fully capitalize on the property's potential. 430 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.
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 432 Diplomat Pkwy W, is advisable to meet building requirements and fully capitalize on the property's potential. 430 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
Community No Subdivision
Area Cape Coral
Zoning MR
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected
Waterfront Description None
View Y/N Yes
Present Use 10-Vacant Commercial
Street Surface Paved
Garage No
Building
Lot Description See Remarks
Sewer None
Water None
New Construction No
Others
Senior Community No
Tax ID 02-44-23-C1-02659.A150
Listed by Realty One Group MVP • James Hunter