FOR SALE - CONDO REDEVELOPMENT OPPORTUNITY!

Vacant Land for Sale
Catylist Listing ID: 30368917
Property Subtypes: Multi-Family, Vacation/Resort, Other
Gross Land Area: 7.90 Acres
Sale Price: $14,000,000
Unit Price: $1,772,151 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/14/2019

Overview / Comments

Prime site located on the Caloosahatchee River
Close proximity to US-41 and the bridge
Strong economic drivers in the Ft. Myers MSA
Current RM-2 zoning allows for 10 units per acre. The Central Urban Land use category allows bonus density for a total of 15 units per acres and a max density of 20 units per acre with purchase of mitigation credits giving the site a total density of 160 +/- units.

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Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Zoning: RM-2
Largest Nearby Street: College Parkway
Site Description: Prime site located on the Caloosahatchee River Close proximity to US-41 and the bridge Strong economic drivers in the Ft. Myers MSA Current RM-2 zoning allows for 10 units per acre. The Central Urban Land use category allows bonus density for a total of 15 units per acres and a max density of 20 units per acre with purchase of mitigation credits giving the site a total density of 160 +/- units.
Area Description: Prime site located on the Caloosahatchee River Close proximity to US-41 and the bridge Strong economic drivers in the Ft. Myers MSA Current RM-2 zoning allows for 10 units per acre. The Central Urban Land use category allows bonus density for a total of 15 units per acres and a max density of 20 units per acre with purchase of mitigation credits giving the site a total density of 160 +/- units.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,739 73,181 179,841
Median Age: 61.53 50.52 48.13
Households: 3,104 36,100 82,253
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