7.19+ Acre Multifamily/ALF

Vacant Land for Sale
Catylist Listing ID: 29995587
Property Subtypes: Multi-Family
Gross Land Area: 7.19 Acres
Sale Price: $900,000
Unit Price: $125,173 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2019

Overview / Comments

Rare opportunity, 7+ acre multifamily site with allowable high density residential development up to 35 dwelling units/acre (potential up to 250 units). A development order, “Alta Vila Townhouses” for 72 units is in place, that has to be renewed. Within walking distance to shopping centers, restaurants, schools and other amenities.

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 31-44-27-05-00001.0100
Zoning: RM-2
Property Located Between: Between Homestead Rd N & Lee Blvd
Property Visibility: Excellent
Area Description: Downtown Lehigh Acres, between Homestead Road N & Lee Boulevard
Zoning Description: RM2, “ALTA VILA TOWNHOUSES”, Development Order for 72 Townhouses (currently expired), potential more units

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,003 38,519 79,135
Median Age: 41.9 38.07 34.6
Households: 2,350 14,075 27,010


Photograph of Listing Agent

Fred Kermani CCIM, AIA

CRE Consultants
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