Inquire About this Property

217-Unit Development Sites

4018-4092 Princeton Street, Fort Myers, FL 33901

Property Type:
Land
Size:
10.92
Asking Price:
$3,650,000

Property Resources

Property Highlights

  • Potential for 217 dwelling units at $16,820/unit
  • Potential for 419 ALF units at $8,711/ALF unit
  • Close to Edison Mall
  • Approximately $13,500 worth of impact fees to be credited to the developer for future redevelopment
  • Each lot can be purchased separately

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.

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Fred Kermani, CCIM, AIA

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