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    621 Ortiz Ave Fort Myers, FL 33905

    Sponsored
    For Sale
    $2,800,000

    9.8 Acres, 144-Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 9.8-acre parcel in Fort Myers, Florida, presents a remarkable opportunity for residential development. Located at 621 Ortiz Ave, Lee County, zip code 33905 (26.6666696, -81.8102516), this property is zoned RPD and offers pre-approved plans for a substantial multifamily project. The approved plans allow for the construction of 144 townhome or multifamily dwelling units, including a bonus density of 48 additional units. Situated just outside the Fort Myers city limits, this prime location provides convenient access to major roadways and numerous amenities, making it an ideal site for a high-demand residential development. The property's size and zoning regulations create a significant potential for a substantial return on investment, capitalizing on the robust growth and demand in Southwest Florida's thriving real estate market. This is a rare opportunity to acquire a large, fully permitted residential development site in a highly desirable location. The property is offered at an asking price of $2,800,000.

    Property Features for 621 Ortiz Ave

    General Information

    Property type
    Land
    Lot Size
    426,888 SF

    HighLights

    • 9.8‑acre parcel in Fort Myers, FL, ideal for residential development.
    • Located at 621 Ortiz Ave, Lee County, FL 33905.
    • RPD zoning with pre‑approved plans for 144 multifamily units, plus a bonus 48 units.
    • Convenient access to major roadways and amenities.
    • Asking price: $2,800,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8102516
    Latitude
    26.6666696

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    FAQs

    What type of property is this?
    Land - 9.8 Acres, 144-Unit Potential
    Where is this land located?
    The property is located at 621 Ortiz Ave Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 9.8-acre parcel in Fort Myers, FL, ideal for residential development.; Located at 621 Ortiz Ave, Lee County, FL 33905.; RPD zoning with pre-approved plans for 144 multifamily units, plus a bonus 48 units.
    Request Owner's contact information
    621 Ortiz Ave Fort Myers, FL 33905
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    Fort Myers, FL 33905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    621 Ortiz Ave Fort Myers, FL 33905
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