Property profile

15850 Mcgregor Blvd Fort Myers, FL 33908

OFF-MARKET
Land
4.77 ac lot
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Property summary

AI-generated overview

This exceptional 4.77-acre parcel in Fort Myers, Florida, presents a remarkable opportunity for residential development. Located at 15850 McGregor Blvd, in Lee County (zip code 33908), this fully entitled Planned Development site is approved for 35 townhomes, totaling approximately 50,628 square feet. The property boasts a prime location on a major corridor connecting downtown Fort Myers to Sanibel Island, offering convenient access to major retailers, Sanibel Outlets, and Publix. The site sits at the entrance to Windward Way Condominiums, benefiting from its established residential surroundings. Existing infrastructure includes access, utility, and stormwater easements. The strong multifamily demand in Southern Lee County, coupled with a shrinking supply, creates a highly favorable market for this project. The proximity to Florida Gulf Coast University adds to the potential rental demand. Major roadways like I-75 and Tamiami Trail provide easy access for commuters. The location also offers convenient access to Sanibel Island, further enhancing its appeal. The seller is open to considering all offers and terms. APN: 36-45-23-21-00000.00A0. The asking price is $2,495,000. Ownership is Fee Simple.

Property profile

Verified
Property type Land
Lot 4.77 ac (207,781 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15850 Mcgregor Blvd Fort Myers, FL 33908
Fort Myers metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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