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50-Unit Development Site

4056 Princeton Street, Fort Myers, FL 33901

Property Type:
Land
Size:
3.10± Acres
Asking Price:
$550,000

Property Resources

Property Highlights

  • 3.10± acres
  • Zoned RMF-16 (City of Fort Myers)
  • Potential for a 50-unit site
  • Potential for a 96-unit ALF site at $5,670/unit
  • Approximately $13,500 worth of impact fees to be credited to the developer for a future dedevelopment.
  • Assemblage with the adjacent 4.35± acres provides an opportunity of 7.45± total acres with the potential to accommodate a total of 130 dwelling units or 251 Assisted Living Facility units.

Located in the City of Fort Myers, close to Edison Mall, this former lakefront tennis club has a 968± SF two-story club office and 6 tennis courts.

The property is zoned RMF-16 and provides the potential for a 50 dwelling unit site at $11,000/unit or 96 Assisted Living Facility (ALF) units at $5,670/unit. There are 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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