FOR SALE: 1516 SE 46th Ln – Downtown Cape Coral Assemblage

Great redevelopment opportunity. Multiple parcel assemblage in downtown Cape Coral on SE 46th Lane in the core of the downtown Community Redevelopment Area (CRA) 1502 to 1516 SE 46th Lane. Land area totals approximately 28,917 sf. Located in the Downtown Mixed Future Land Use District and South Cape Zoning District, mixed use is permitted: 125 residential units/acre and/or up to a Floor Area Ratio (FAR) of 4. Height limit 120 ft or 10 stories. Tax Increment Financing Available. Existing tenants in 1510 and 1516 SE 46th Lane. Buyer will assume lease. Buyer can have income and investment as the CRA continues to increase in value or move forward with a development plan. Other properties within the block may be added to the assemblage. Brokers agents have experience and success advising developers in the CRA and working with City staff. More information available upon request.