15850 McGregor Blvd, Fort Myers, FL 33908

This is a previously approved 35-unit multifamily development site, encompassing 50,628 square feet, situated in Fort Myers, Florida. Located at 15952 McGregor Blvd, Fort Myers, FL 33908, the property is positioned along one of Fort Myers's primary corridors, which connects downtown to Sanibel Island. The parcel is located at the entrance to Windward Way Condominiums, in close proximity to major retailers, and approximately 1 mile north of Sanibel Outlets and Publix. The project had been previously approved, and the site can be delivered fully approved. The property is positioned to develop a 65,000 to 70,000 gross square foot residential development. The location benefits from strong multifamily demand and a diminishing supply pipeline, which has reduced the average vacancy rate. The submarket includes high population growth areas, placing premiums on residential developments within the Fort Myers city limits. Southern Lee County is adjacent to Collier County and draws demand from the Naples market, offering an attractive option to renters who commute from the North Naples submarket. Florida Gulf Coast University (FGCU) is located within commuting distance, contributing spillover demand from students. Major arterial roads such as I-75 and Tamiami Trail are nearby, providing access for commuters to reach jobs locally or in nearby markets. The site's access to Southern McGregor Blvd provides residential options and access to Sanibel Island, approximately 3 miles south of the property.