621 Ortiz Ave Fort Myers, FL 33905
- Commercial real estate
- 9.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 621 Ortiz Ave
- Lot size
- 9.80 lot acres
- Property type
- Commercial real estate
Description
This exceptional 9.8-acre parcel in Fort Myers, Florida, presents a remarkable opportunity for residential development. Located at 621 Ortiz Ave, Lee County, zip code 33905 (26.6666696, -81.8102516), this property is zoned RPD and offers pre-approved plans for a substantial multifamily project. The approved plans allow for the construction of 144 townhome or multifamily dwelling units, including a bonus density of 48 additional units. Situated just outside the Fort Myers city limits, this prime location provides convenient access to major roadways and numerous amenities, making it an ideal site for a high-demand residential development. The property's size and zoning regulations create a significant potential for a substantial return on investment, capitalizing on the robust growth and demand in Southwest Florida's thriving real estate market. This is a rare opportunity to acquire a large, fully permitted residential development site in a highly desirable location. The property is offered at an asking price of $2,800,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.8102516
- Latitude
- 26.6666696
