5409 Phillips St Bokeelia, FL 33922
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 5409 Phillips St
- Property type
- Commercial real estate
Description
This exceptional 0.23-acre vacant lot in Bokeelia, Florida, presents a unique multifamily investment opportunity. Priced at $48,801, this property offers the potential to construct a single-family residence or a duplex, catering to diverse housing needs. Located at 5409 Phillips ST, Lee County, FL 33922 (26.6177064, -82.1160828), the land boasts a desirable southern exposure, maximizing sunlight throughout the day. Its convenient location provides easy access to nearby schools, shopping centers, and a variety of restaurants, enhancing its appeal to potential residents. The property's significant advantage lies in the availability of Pine Island water service, simplifying the development process and reducing infrastructure costs. This makes it an attractive option for both individual builders and developers seeking a profitable venture in a thriving community. The absence of a subdivision simplifies the building process, allowing for greater design flexibility and potentially faster construction timelines. This prime location and the potential for multifamily development make this an exceptional opportunity for those seeking a high-return investment in the desirable Bokeelia area. The property is ready for immediate development, presenting a rare chance to capitalize on the growing demand for housing in this sought-after location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bokeelia
- County
- Lee
- State
- Florida
- Longitude
- -82.1160828
- Latitude
- 26.6177064
