10,454 Sqft Lot
10,454 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral Sub
MLS Listing ID A4697311
HOA Y/N No
Annual Tax Amount $1,866
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 85x125
Property Sub-Type Commercial
Source Stellar MLS
Property Description
The land currently zoned as Commercial - in an Opportunity Zone Program.
There are residential and commercial around this land. The city of Cape Coral changed the land use from Residential to Commercial as part of an Opportunity Zone Program. The zoning description is below: Opportunity Zones were created by the Tax Credit and Jobs Act of 2017 (OZ-1.0). The program is designed to encourage investors, businesses, developers, financial institutions, and other investors to reinvest capital gains into distressed census tracts to foster job creation. The benefit is deferral, reduction, and potential elimination of taxes on capital gains and not rebates or grants. The One Big Beautiful Bill of 2025 made the program a permanent part of the tax code and further refined the program (OZ-2.0).
If you are looking for a tax reduced investment opportunity, this can be a great opportunity for you!
Location
State FL
County Lee
Community Cape Coral Sub
Area 33909 - Cape Coral
Zoning RD
Exterior
Utilities Available Electricity Available, Sewer Available, Water Available
Building
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition None
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