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    20161 Summerlin Rd Fort Myers, FL 33908

    For Sale
    $3,000,000

    Prime location, multi-use potential, near beaches.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 6.8-acre parcel, located at 20161 Summerlin Rd, Fort Myers, FL 33908 (Lee County, Parcel IDs 11-46-23-04-0000000-30 and 11-46-23-04-0000000-20), presents a remarkable investment opportunity. Zoned CT (Commercial Tourist), it's ideally suited for diverse commercial ventures including retail, hotel, multi-family residential, and assisted living facilities. Existing entitlements permit a 142-bed assisted living facility (ALF), with ready-to-submit architectural and engineering plans. The property boasts a prime location, minutes from renowned beaches such as Sanibel, Captiva, Fort Myers Beach, and Estero Island. Its strategic proximity to major retailers like Publix, Nike, and Under Armour, further enhances its appeal. A significant advantage is its half-mile proximity to the newly constructed Larsen Health Center, a $78 million, 200,000 square-foot facility encompassing skilled nursing, rehabilitation, and medical office space. This state-of-the-art center consolidates Shell Point's healthcare services, including a medical center, behavioral health suite, rehabilitation center, pharmacy, and a 180-bed skilled nursing facility. The asking price for this exceptional property is $3,000,000.

    Property Features for 20161 Summerlin Rd

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -81.9705952
    Latitude
    26.4929702

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    FAQs

    What type of property is this?
    Land - Prime location, multi-use potential, near beaches.
    Where is this land located?
    The property is located at 20161 Summerlin Rd Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    (813) 287-8787
    Request Owner's contact information
    20161 Summerlin Rd Fort Myers, FL 33908
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    Fort Myers, FL 33908
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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
    20161 Summerlin Rd Fort Myers, FL 33908
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