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    OFF-MARKET
    Commercial real estate

    16080 Pine Ridge Rd, Fort Myers, FL 33908

    14.21 ac lot
    Property ID
    US18-2800318
    Property summary
    AI-generated overview

    This exceptional 14.21-acre property, known as Old Bates Farm, presents a unique investment opportunity in the desirable Fort Myers, Florida market. Located at 16080 Pine Ridge Rd, 33908, this land boasts a prime location, approximately 4 miles from Fort Myers Beach, 8.5 miles from Sanibel Island, 12.4 miles from Gulf Coast Town Center, and 15.3 miles from Southwest Florida International Airport (RSW). Currently zoned AG-2, this parcel offers significant potential for residential development. Historically used as a residential homesite, its location within the Summerlin corridor—the main thoroughfare connecting Fort Myers to Sanibel and Fort Myers Beach—provides convenient access to both beaches and urban amenities. The Central Urban Land Use plan allows for a maximum density of 10 dwelling units per acre, potentially yielding up to 142 units. Further development possibilities include commercial and limited light industrial uses. Utilities, including water, sewer, and electricity, are readily available adjacent to the property along Pine Ridge Road. The APN is 06-46-24-01-00009.0010 and 06-46-24-01-00009.0000. This infill property represents a rare chance to capitalize on the Southwest Florida housing shortage, making it ideal for build-to-rent or multifamily projects. The asking price is $6,990,000. This is a truly exceptional opportunity for a discerning investor seeking significant returns in a high-demand location.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 14.21 ac (618,988 SF)
    APN 06-46-24-01-00009.0010 and 06-46-24-01-00009.0000
    UPID US18-2800318
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Cowart Construction Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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