19001 Tamiami Trl North Fort Myers, FL 33903
- Retail space
- 8,575 SF
- 28.83 lot acres
Current Use by Public Records
- Retail space
Property Details for 19001 Tamiami Trl
- Year built
- 1993
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 28.83 lot acres
- Property size
- 8,575 SF
- Zone code
- CPD CPD
- Property type
- Retail space
- APN
- 09-43-24-00-00010.008A
- APU
- 0943240000010008A
Description
This exceptional 28.83-acre commercial land parcel, located at 19001 N. Tamiami Trail in North Fort Myers, Florida (zip code 33903), presents a significant development opportunity. Currently housing a fully operational driving range and discount golf retailer, the property offers substantial income potential. The permitted zoning, CPD - NFM Driving Range, allows for densities up to 6 dwelling units per acre, increasing to 8 with the use of Greater Pine Island TDUs. High demand exists for RV, manufactured home, apartment, and townhome communities in this rapidly growing area. The existing income-producing business provides a potential offset for development costs. The property boasts direct frontage on US-41 and enjoys convenient proximity to Publix, retail centers, golf courses, and schools (within a 5-minute drive). A unique aspect of this offering is the seller's willingness to subdivide the property. The rear 26.74 acres can be purchased separately for $5,950,000 ($222,513/acre), with shared access from Tamiami Trail and signage on the frontage to be arranged. The 2.09-acre commercial frontage and associated income would remain with the current owner. The property's strategic location offers easy access to major roadways, including Del Prado Blvd (1.2 miles), Pine Island/Bayshore Road (4.5 miles), I-75 (9.5 miles), and is within reasonable driving distance of Downtown Fort Myers, Burnt Store Marina, Punta Gorda, Pine Island, Fort Myers Beach, and Southwest Florida International Airport (RSW). This is a rare chance to acquire a large, well-located parcel in a thriving market. The APN is 09-43-24-00-00010-008A. The asking price for the entire 28.83-acre parcel is $7,750,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,875,000
- 6.5%
- $1,730,000
- 7%
- $1,605,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,050,000
Market price range: $296k - $1.54M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,235,000 Current use
- OFFICE BUILDING
- $2,350,000 Change: +5% Conversion: Easy
- MEDICAL BUILDING
- $2,280,000 Change: +2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $2,030,000 Change: -9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- North Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.9197
- Latitude
- 26.7415
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
