Residential Land for Sale in Cape Coral, Florida

1631 NE 16 Ter Cape Coral, FL 33909

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$85,000
0.23 acres
Active sale agoEst $861/mo

Prime vacant land in Cape Coral with RML zoning, ideal for Residential Multi-Family use, offers a lucrative investment opportunity due to high demand for multifamily properties. The zoning allows for significant potential for builders and developers to establish multifamily rental units. The undeveloped land is an optimal foundation for your multifamily residential project, located in a high-demand area within a sought-after neighborhood. Utility connections are set to begin within two months, expected to substantially increase lot values. Duplex lots in the area are already valued above $100,000.00. Seize this opportunity in a rapidly growing market.

Property details

Coordinates
26.6839, -81.9396
Community
Cape Coral
Elevation
13 feet
MLS Number
MAOR A11541611
Date Listed

Legal description

Parcels

  • 324324C4022070430

Property taxes

2023
$771

Resources

This 0.23-acre property is located at 1631 NE 16 Ter in Cape Coral, FL 33909 with latitude 26.6839 and longitude -81.9396. The property is currently available for sale for $85,000 with a price per acre of $369,565. Listing data is sourced from MIAMI Association of Realtors # A11541611.

Verify sale details at the property source or contact Home Wiz USA at (305) 772-4932.

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Copyright (C) 2024 MIAMI Association of REALTORS(R). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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