826 37th Terrace
Cape Coral, FL 33914 Pelican

This shovel-ready lot comes equipped with fully approved plans for a 7-unit multifamily development, offering an immediate opportunity to begin construction without the delays of design or permitting. The project, known as Pelican Apartments, features a two-story building totaling approximately 10,070 square feet, with a mix of spacious two- and three-bedroom units. 

Zoned RML (Residential Multi-Family), the property permits multifamily construction and is fully supported by the city’s future land-use designation. All architectural, civil, structural, and MEP plans are included in the sale—representing over $120,000 in completed work. The property’s design incorporates modern elevations and functional layouts that align with current city standards. 

Ideal for investors or builders looking for a turnkey multifamily opportunity in Cape Coral, this site eliminates the upfront hurdles of planning and approvals, allowing the next owner to close and break ground immediately.