50 UNIT SITE IN CITY OF FORT MYERS

Vacant Land for Sale
Catylist Listing ID: 29927445
Property Subtypes: Multi-Family
Gross Land Area: 3.10 Acres
Sale Price: $550,000
Unit Price: $177,419 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2018

Overview / Comments

Lake front former tennis club, zoned RMF-16, potential 50 dwelling units site at $11,000/unit or 97 ALF units at $5,670/unit, located in City of Fort Myers, close to Edison Mall. Assemblage with the adjacent 4.35 acres site provides an opportunity of 7.45 acres land assemblage, potential to accommodate total of 130 dwelling units or 251 Assisted Living Facility units. The property is currently vacant and has 968 SF two story Club Office and 6 tennis courts. There is about $13,500 worth of impact feed to be credited to the developer for a future redevelopment.

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 35-44-24-P3-02200.0050
Zoning: RMF-16 (CITY OF FORT MYERS), POTENTIAL 50 DWELLING UNITS OR 96 ALF UNIT SITE.
Property Located Between: Off Winkler Ave, across from Edison Mall, located at the end of a cul-de-sac.
Property Visibility: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,458 80,190 168,610
Median Age: 39.69 40.73 43.7
Households: 3,910 34,093 72,563

Contact

Photograph of Listing Agent

Fred Kermani CCIM, AIA

CRE Consultants SWFLCA Member
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