Fort Myers, FL 33908,Windward Way Condo C/E
Fort Myers, FL 33908,Windward Way Condo C/E
Fort Myers, FL 33908,Windward Way Condo C/E
$1,250,000
Est. payment /mo
$1,500,000
16.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

4.77 Acres Lot
SOLD DATE : 12/30/2021

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!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


SouthWest Florida Naples MLS (NABOR)
Listed by Compass Florida LLC • Brad Kuskin
Bought with Compass Florida LLC

GET MORE INFORMATION

Chris Farrugia

+1(239) 248-8171

Team Lead | License ID: SL3162508

Team Lead License ID: SL3162508

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.