Pelican Apartments

Investment Overview

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.