Current Use by Public Records
- Land
Property Details for 793 Freemont St
- Lot size
- 1.19 lot acres
- Property type
- Land
Description
This exceptional 1.19-acre (51,927 sq ft) waterfront development lot in Fort Myers, Florida, presents a unique investment opportunity. Located in the desirable Edgewood neighborhood, this fee-simple property is zoned RM-16, allowing for the construction of up to 36 residential units. The land boasts a prime location at the intersection of East Riverside Drive and Freemont Street, offering convenient access to major roadways like Palm Beach Boulevard (SR 80) and Interstate 75. Its proximity to downtown Fort Myers (1.8 miles) and Fort Myers beaches (15 miles) enhances its appeal. The area offers a wealth of amenities, including marinas, restaurants, retailers, and various services. Furthermore, the property benefits from its proximity to several colleges and universities, contributing to a strong higher education presence. The surrounding area demonstrates significant population growth, with approximately 51,000 people within a 3-mile radius and over 125,100 within 5 miles, boasting average household incomes of $69,130 and $92,076 respectively. This property's strategic location, zoning potential, and strong demographic trends make it an attractive proposition for residential development. The land value is $23.11 per square foot, and the asking price is $1,150,000. The property's quiet, rural setting near the Caloosahatchee River provides a tranquil environment while remaining conveniently close to major thoroughfares and area attractions. This presents a compelling opportunity for developers seeking a high-potential residential project in a thriving Florida market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.849
- Latitude
- 26.6598
