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Description
Vacant Land located near the busy street of Pine Island Road. Infrastructure are all done. All tax and assessments are all paid!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!
Property Highlights
Property Type: Land - Commercial
Lot Size: 0.24 Acres
Taxes: $1,866
General Information
County: Lee
Subdivision: CAPE CORAL
Listed By:
Jessie Xu, PA
DALTON WADE INC
888-668-8283
MLS ID: A4697311
Property Features
Directions: From Pine Island Rd, turn north to NE 7th Pl, and left to NE 4th Ter.
Flood Zone Code: X
Home Warranty Y/N: No
Lot Dimensions: 0.24
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Go Direct
Special Sale Provisions: None
Utilities: Electricity Available, Sewer Available, Water Available
Water: Public
Water Access Y/N: No
Zoning: RD
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566 NE 4th Terrace , Cape Coral, FL 33909.
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Estimated Payment
$ 320.40 per month $151.78 Principal & Interest $155.50 Property Tax $13.13 Homeowner's InsuranceChange Payment Information
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