11940 Orange River Blvd, Fort Myers, FL 33905
This exceptional 27.86-acre property in Lee County, Florida, presents a unique dual-use opportunity. Located at 11940 Orange River Blvd, Fort Myers, FL 33905 (APN: 01-44-25-L3-00005.0000 and 01-44-25-L3-00005.0000A), this land is zoned AG-2, allowing for both agricultural and residential development. The property boasts a recently constructed (2024) pole barn, a one-acre pond, and existing graded roadways. Fencing encloses the entire perimeter and further divides sections internally. Conveniently situated 2.6 miles from I-75 (Exit 141), this location offers easy access to major roadways and amenities. Proximity to The Forum (7.1 miles), Downtown Fort Myers (8 miles), North Fort Myers (9.2 miles), Lee Memorial Hospital (9.7 miles), and Cape Coral (18.8 miles) enhances its appeal. An approved Development Order and Permit for a 17-lot single-family subdivision is already in place, providing a streamlined path to development for a residential project. Alternatively, the property is well-suited for a single-family estate. The asking price is $2,895,000. This presents a compelling investment opportunity in a rapidly growing area.
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
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Costs & Benchmarks
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Risks
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