16271 Parallel Dr Fort Myers, FL 33913
This exceptional 3.47-acre site in Fort Myers, Florida, presents a lucrative investment opportunity for hospitality developers. Currently zoned MPD, the property is approved for the construction of a five-story hotel boasting 131 keys and ample space for guest amenities. The existing plans encompass a substantial 141,750 square foot building, designed to accommodate up to 139 parking spaces, ensuring convenient access for guests. The site's prime location at 16271 Parallel Drive, Fort Myers, FL 33913 (Lee County), offers excellent visibility and accessibility. The asking price for this turnkey development opportunity is $6,000,000. This represents a significant chance to capitalize on the thriving tourism sector in Southwest Florida. The property's strategic location and pre-approved plans minimize development hurdles, allowing for a streamlined and efficient construction process. With its substantial size and planned amenities, including space for an outdoor pool, this hotel site is poised to become a highly sought-after destination. This is a rare opportunity to acquire a fully permitted hotel site in a rapidly growing market. Don't miss this chance to secure a prime piece of real estate in one of Florida's most desirable locations. The property's single building structure simplifies management and maintenance, making it an attractive proposition for both seasoned investors and new entrants to the hospitality market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.