Inquire About this Property

217-Unit Development Site

4018-4092 Princeton Street, Fort Myers, FL 33901

Property Type:
Land
Size:
10.92± Acres
Asking Price:
$4,590,000

Property Resources

Property Highlights

  • Potential for 217 dwelling units
  • Potential for 419 ALF units
  • Close to Edison Mall
  • Approximately $14,500 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 $21,152/unit or 419 Assisted Living Facility (ALF) units at $10,955/unit. There will be about $14,500 worth of impact fees to be credited to the developer for a future redevelopment. Each site can be purchased individually.

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Fred Kermani, CCIM, AIA

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