$1,250,000
Commercial for Sale in Cape Coral
3731 SE 15th Place, Cape Coral, FL, 33904
About this home
Located in the thriving South Cape Coral area. Entitled land with approved plans for a mixed-use development featuring workforce housing apartments and commercial space. This property is zoned C1 (confirm zoning for your uses). The project includes 70 workforce housing apartments and 8,300 square feet of versatile commercial space in a six story building. This property offers excellent access to public transportation, major highways, and local amenities, making it an attractive location for residents and commercial tenants. Deed-restricted under the Live Local Bill, requiring 40% of units to be rented to tenants earning less than 120% of the area median income (AMI). As of April 2024, Cape Coral's AMI is $88,800. Buyers have options: 1) Acquire the entitled lot ($1.65M) and building plans to build under their own contractor and financing; 2) Use Curran Young and the current construction estimate we have. 60k sf x $200/sf = 12M. Specifications, features, and availability may be modified prior to contract with Curran Young. Property is currently undeveloped and not subject to any lease or rental agreements. Buyer is responsible for securing any future tenants or rental arrangements.
Property details
- Type
- Commercial
- Year built
- Not specified
- Interior
- Not specified
- Lot size
- 44,997.48 sqft
- Acreage
- 1.03 acres
- Garage
- None
- Days on market
- 95
- Total association fees
- None
- CDD
- None
- Est. taxes (1.4%)
- $17,500/yr
- Flood zone (area est.)
- Yes · High risk (AE)
- Storm protection
- None listed
- Exposure
- Northwest
- Waterfront
- No
- Gulf access
- No
- Gulf access type
- N/A
- Pool
- No
- Spa
- No
- Natural gas
- No
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- New construction
- No
- Pets
- Not specified
- County
- Lee
Flood risk shown is an area-level estimate and can differ from a specific unit's actual FEMA designation (which varies by structure and elevation). Look up this address on the FEMA Flood Map and verify with a licensed insurance agent before relying on it.
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Market trends, Cape Coral
Median of closed MLS sales each month over the available window. Months with too few sales are omitted; the range extends automatically as more sales close.
Live area medians from the MLS · see all listings. Indicative, not an appraisal.
Price & status history
Down $400,000 (24.2%) from the original list price.
| Aug 24, 2026 | Price reducedfrom $1,350,000 | $1,250,000 |
| Jun 5, 2026 | Listed | $1,650,000 |
The good, the trade-offs & the location
- In a higher-risk flood zone (AE) — flood insurance likely required
- No garage listed
Straight-line distances to major SWFL amenities, approximate; actual drive times vary.
Nearby schools
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Similar homes nearby
Listing information is provided in part by the Florida Gulf Coast Multiple Listing Service (MLS) through its Broker Reciprocity / Internet Data Exchange (IDX) program. Properties displayed may be listed by brokerages other than SWFL Relocation Team. Data is deemed reliable but is not guaranteed accurate by the MLS or this brokerage and should be independently verified. Fees, flood zones, taxes, square footage, and school assignments are estimates from the feed and must be confirmed. © 2026 SWFL Relocation Team. All rights reserved.