10.23± Acres Redevelopment Site

Vacant Land for Sale
Catylist Listing ID: 30402273
Property Subtypes: Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 10.23 Acres
Sale Price: $1,200,000
Unit Price: $117,302 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2021

Overview / Comments

• Allowing up to 100 multi-family units or 150 multi-family (affordable housing) units, based on the future land use.
• Current zoning:
The front 1.73 acres are zoned (C-1) Commercial - Outdoor Storage and Display, Animal Boarding, Animal Shelter, Kennel Dog Daycare, Assisted Living Facility, Nursing Home & Life Care Facilities, Car Wash Full/Self Service, Daycare Center, Funeral Home (Crematorium and Mortuary Accessory Only), Greenhouse or Nursery, Commercial Garden Center, Religious Institution, Manufactured Housing, Self-Storage fully enclosed indoor multi-story or Mini Storage T
The rear 8.5 acres are (RS-1) Residential - The purpose and intent of the RS residential single family district is to provide opportunities for the suitable location of detached conventionally built single-family dwelling units and for facilitation of the proper development and protection of the subsequent use of enjoyment thereof.
Directions: I-75, Exit 141, turn East (right) onto State Road 80/Palm Beach Blvd., Right onto Orange River Blvd., pass Cracker Barrel, as the road bends to the left, the property sits on the right.

Highest and best use would be an residential development, multi-family, assisted living and commercial out parcels for gas convenience store or fast food, storage facilities, fitness center or landscape and lawn care or garden center.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 03442501000540010
Property Visibility: Excellent
Largest Nearby Street: Interstate 75 and Palm Beach Blvd
Feet of Frontage: 240
Topography: Level
Easements: Electric Lines, Water Rights, Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,593 29,446 81,983
Median Age: 48.43 38.66 38.87
Households: 1,469 10,545 30,855


Photograph of Listing Agent

Jennifer Castriotta

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