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Redevelopment Opportunity Near Ft. Myers
For Sale
$5,000,000
Pending

940 Tarpon St, Fort Myers, FL 33916

8 acres for redevelopment or investment near Ft. Myers Beach.

Property Size94,779 SF
Lot Size7.93 Acres
Days on Market226

Property Features for 940 Tarpon St

General Information

Standard status Pending
Size 94,779 SF
Lot size 7.93 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $11,638

Building Details

Building Size 94,779 SF
Year Built 1958
Stories 1
Listing Agency: Coldwell Banker Realty
Listed By: Brent Perrine
Source: Elliman
Added: Mar 11 Changed: Oct 21 Last Checked: Oct 20 at 9:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This 8-acre property, priced below a recent appraisal, presents a redevelopment opportunity two blocks from the water in Ft. Myers Beach, Florida. The location is currently leased and generating rents, offering potential for passive income. Situated next to a Lee County school and large Lee County parks, the property is also within a short drive of commercial and medical facilities. Potential uses include multi-family housing, condominiums, or a school system.

Key Highlights

  • 8 acres two blocks from the water in Ft. Myers Beach, Florida.
  • Priced below recent appraisal.
  • Generating significant rents as a leased location.

Property Analytics

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Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Big Box & Wholesale Store Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

382
Businesses Nearby

Demographics for 33916, FL

25,940
Population
12,480
Households
2.1
Avg Household Size
34
Median Age
21%
College-Educated
81%
High-School Grad
10.3 sq mi
ZIP Area
2,518
Density / Sq Mi
$49,353
Median Household Income
$32,770
Median Earnings
$1,363
Median Rent
$242,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 8 acres for redevelopment or investment near Ft. Myers Beach.
Where is this commercial land located?
The property is located at 940 Tarpon St Fort Myers, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 8 acres two blocks from the water in Ft. Myers Beach, Florida.; Priced below recent appraisal.; Generating significant rents as a leased location.
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