4550 Tilton Ct Fort Myers, FL 33907
2.13 acres of land suitable for multifamily or self-storage.
Property size:
2 SFLot size:
2.13 AcresProperty Features for 4550 Tilton Ct
General Information
- Size
- 2 SF
- Lot size
- 2.13 Acres
Source:
Lee-associates
Listing Agent: Jeff Forsythe
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fort Myers Redevelopment Land Portfolio
This redevelopment portfolio comprises contiguous land centrally located in Fort Myers, offering convenient access to Downtown Fort Myers, US Hwy 41 North & South, I-75, and Cape Coral via the Mid-point Bridge. The assemblage of three properties, consisting of four legal parcels, totals approximately 2.13 acres, featuring two improved lots and two vacant lots. The location allows direct access from DeLeon Street, which has a signalized intersection with a 7-Eleven on Colonial Boulevard. The zoning, a mix of NC and CG, permits cost-effective redevelopment for multifamily housing with densities between 16 and 25 units per acre, potentially yielding a total of 43 dwelling units, subject to site development feasibility regarding parking. The site may also be eligible for Bonus Density, potentially allowing up to an additional 13 dwelling units. The property is an ideal site for a modest multi-family housing development with convenient neighborhood amenities, such as a bus stop and 7-Eleven on Colonial Boulevard, a Publix-anchored shopping center, and the Edison Mall. Two of the existing buildings have short-term leases (12-18 months), providing approximately $2500 of monthly rental income. Heavily traveled Colonial Boulevard averages traffic counts of over 56,000 daily. Self-storage is also a potential use for this location.
Location Intelligence
Current Use by Public Records
Medicab Transportation
Handicapped Transportation Service
Associates in Architecture
Architecture Firm
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.876597
- Latitude
- 26.59572
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - 2.13 acres of land suitable for multifamily or self-storage.
Where is this commercial land located?
The property is located at 4550 Tilton Ct Fort Myers, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: - Prime redevelopment opportunity with 2.13 acres in a central Fort Myers location.; - Zoning allows for cost-effective multifamily development, potentially **43 units by right, and up to 86 units** with fractional unit calculations.; - Excellent location near Downtown Ft Myers, Hwy 41, I-75, and Cape Coral, with convenient access from a signalized intersection on Colonial Blvd.