- For Sale $399,000
- Property Type Multi-Family
- Units 7
- Lot Size 0.5 Acre
- Date Updated Oct 26, 2026
Description
Located off Skyline Boulevard and north of Mohawk Parkway, the property sits within a quiet residential pocket near the Cape Coral–Lee County Public Library and surrounding neighborhood amenities.This ±0.50-acre development site comes equipped with fully approved plans for a 7-unit multifamily project, offering an immediate opportunity to move forward without the delays of starting the design and permitting process from scratch. The project, known as Pelican Apartments, features a two-story building totaling approximately 10,070 SF with a mix of two- and three-bedroom units.
Zoned RML (Residential Multi-Family), the property is designed for multifamily development and includes architectural, civil, structural, and MEP plans with the sale—representing over $120,000 in completed work. The planned design incorporates modern elevations and functional unit layouts aligned with current city standards.
Ideal for investors or builders seeking a turnkey multifamily development opportunity in Cape Coral, the ±0.50-acre site combines approved plans, defined unit count, and a clear path toward construction.
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Contacts
Carlos Acosta, CCIM
CRES Commercial Real Estate Services of SWFL
Location
Located at 826 SW 37th Ter, Cape Coral, FL 33914, this property is part of the Pelican neighborhood and Southwest Florida Coast market.
Contact Listing Broker
Carlos Acosta, CCIM
CRES Commercial Real Estate Services of SWFL