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    2040 Towles St Fort Myers, FL 33916

    For Sale
    $900,000

    Prime 1.5-acre Fort Myers development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.5-acre commercial land parcel presents a compelling investment opportunity in Fort Myers, Florida. Located at 2040 Towles St, within the CRA District, and boasting approximately 142 feet of frontage on Dr. Martin Luther King Jr. Blvd, this property offers significant redevelopment potential. The Commercial Intensive (CI) zoning permits a wide range of uses, including restaurants, warehousing (up to 50,000 sq ft), retail, self-storage, car washes, convenience stores, vehicle sales and service, hotels/motels, medical offices, pharmacies, and multi-family/townhouse residential developments. A full list of approved uses is available upon request. Strategically positioned just 2 miles west of I-75 and 2.5 miles east of Downtown Fort Myers, this site benefits from excellent accessibility and proximity to major transportation arteries. The area is experiencing significant growth, with numerous new developments underway. Additional nearby attractions include The Forum (4.8 miles), North Fort Myers (4 miles), and Cape Coral (11.2 miles). The property's APN is 20-44-25-P1-0090A.0010. This is a rare chance to acquire a substantial parcel in a thriving location, ideal for both developers and investors seeking strong returns. The asking price is $900,000.

    Property Features for 2040 Towles St

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial lot in Fort Myers, FL's CRA District.
    • Excellent location: 2 miles west of I‑75 and 2.5 miles east of Downtown Fort Myers.
    • High visibility: 142 feet of frontage on Dr. Martin Luther King Jr. Blvd.
    • Commercial Intensive (CI) zoning allows diverse uses including restaurants, warehousing, retail, and multi‑family residential.
    • Strong investment potential in a rapidly growing area.
    Property Profile Insight Report 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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.83534
    Latitude
    26.640379

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    FAQs

    What type of property is this?
    Land - Prime 1.5-acre Fort Myers development site.
    Where is this land located?
    The property is located at 2040 Towles St Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 1.5-acre commercial lot in Fort Myers, FL's CRA District.; Excellent location: 2 miles west of I-75 and 2.5 miles east of Downtown Fort Myers.; High visibility: 142 feet of frontage on Dr. Martin Luther King Jr. Blvd.
    (239) 940-3171
    Request Owner's contact information
    2040 Towles St Fort Myers, FL 33916
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    Fort Myers, FL 33916
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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
    2040 Towles St Fort Myers, FL 33916
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