217 Unit Development Sites

Vacant Land for Sale
Catylist Listing ID: 30207161
Property Subtypes: Multi-Family, Other
Gross Land Area: 10.92 Acres
Sale Price: $3,650,000
Unit Price: $334,249 Per Acre
Land Splits Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/16/2019

Overview / Comments

Located in the City of Fort Myers, close to Edison Mall, this assemblage of two parcels totaling 10.92± acres has three ownerships and consists of a former lakefront tennis club with a 968± SF two-story clubhouse/office and 6 tennis courts.
The 3 lots are zoned RMF-16 and provides the potential for a 217 dwelling unit site at $16,820/unit or 419 Assisted Living Facility (ALF) units at $8,711/unit.

There will be about $13,500 worth of impact fees to be credited to the developer for a future redevelopment.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 35-44-24-P3-02200.0010, 35-44-24-P3-02200.0050 and 35-44-24-P3-02200.0060
Zoning: RMF-16 (CITY OF FORT MYERS), POTENTIAL FOR 217 DWELLING UNITS OR A 419-UNIT ALF FACILITY
Property Located Between: Off Winkler Avenue, west of US 41 and across from the Edison Mall. Located at the end of a cul-de-sac.
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,937 81,698 165,074
Median Age: 39.32 40.73 43.44
Households: 4,897 34,660 70,689

Contact

Photograph of Listing Agent

Fred Kermani CCIM, AIA

CRE Consultants
SWFLCA Member
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