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    2773 Ortiz Ave Fort Myers, FL 33916

    For Sale
    $4,000,000

    72-Unit Approved Project, Shovel Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.47-acre parcel in Fort Myers, Florida (Lee County, zip code 33916, located at 2773 Ortiz Ave), presents a remarkable opportunity for immediate development. The property boasts approved plans for a three-story multifamily residential complex comprising four buildings, totaling 72 units. The design includes a mix of unit sizes to cater to diverse needs: 24 two-bedroom, two-bathroom units on the ground floor

    Property Features for 2773 Ortiz Ave

    General Information

    Property type
    Multifamily properties

    HighLights

    • 3.47‑acre approved multifamily development site in Fort Myers, FL (Lee County, 33916).
    • 72‑unit multifamily complex across four buildings.
    • 24 ground floor 2BR/2BA units.
    • 32 upper‑floor 2BR/2.5BA units.
    • 16 upper‑floor 3BR/2.5BA units.
    • Two parking spaces per unit plus 10% visitor parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8114087
    Latitude
    26.6175777

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    FAQs

    What type of property is this?
    Multifamily property - 72-Unit Approved Project, Shovel Ready
    Where is this multifamily property located?
    The property is located at 2773 Ortiz Ave Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 3.47-acre approved multifamily development site in Fort Myers, FL (Lee County, 33916).; 72-unit multifamily complex across four buildings.; 24 ground floor 2BR/2BA units.
    Request Owner's contact information
    2773 Ortiz Ave 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
    2773 Ortiz Ave Fort Myers, FL 33916
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