For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Commercial,Mixed Use,Multi Family,Multi_SF,RV Lot
Listing Status Sold
Purchase Type For Sale
Subdivision Windward Way Condo
MLS Listing ID 221069446
Sold Date 12/30/21
HOA Y/N No
Originating Board Naples
Annual Tax Amount $10,531
Tax Year 2020
Lot Size 4.774 Acres
Acres 4.774
Property Description
Compass Commercial is proud to present a previously approved 36-unit, 4.77-acre multifamily development site in the heart of Fort Myers, Florida.? The subject property is located at 15952 McGregor Blvd, Fort Myers, FL 33908, one of Fort Myers's primary corridors, connecting downtown to Sanibel Island.? The parcel sits at the entrance to Windward Way Condominiums, is in immediate proximity to major retailers, and is only 1-mile north of Sanibel Outlets and Publix.? The project had been previously approved in 2007 for 53k square feet of buildable area, and new zoning allows increased density to approximately 60+ units.?
The project is perfectly positioned to develop a 65k-70k gross square foot rental or for-sale residential development by any regional or corporate investor.? Southern Lee County's strong multifamily demand and a rapidly diminishing supply pipeline have cut the average vacancy rate by nearly half over the past three quarters.? While the supply pipeline now only has 180 units underway, the improving market fundamentals place strong demand on housing, with very few fully approved multifamily development projects currently available within the market.?
Location
State FL
County Lee
Area Windward Way Condo
Zoning RM-2
Interior
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
Waterfront No
Waterfront Description None
View Y/N Yes
View City
Present Use 03-Multi-Family-10 Units Or More
Garage No
Building
Lot Description Irregular Lot
Sewer None
Water None
New Construction No
Others
Senior Community No
Tax ID 36-45-23-21-00000.00A0
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Compass Florida LLC