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    FOR SALE
    Commercial real estate

    621 Ortiz Ave Fort Myers, FL 33905

    9.8 ac lot
    Property ID
    US18-6414458
    621 Ortiz Ave, Fort Myers, FL 33905 For Sale 1 / 30
    $3,168,000
    621 Ortiz Ave, Fort Myers, FL 33905
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    Property summary
    AI-generated overview

    This exceptional 9.8-acre parcel in Fort Myers, Florida, presents a remarkable opportunity for residential development. Located at 621 Ortiz Ave, Lee County, zip code 33905 (26.6666696, -81.8102516), this property is zoned RPD and offers pre-approved plans for a substantial multifamily project. The approved plans allow for the construction of 144 townhome or multifamily dwelling units, including a bonus density of 48 additional units. Situated just outside the Fort Myers city limits, this prime location provides convenient access to major roadways and numerous amenities, making it an ideal site for a high-demand residential development. The property's size and zoning regulations create a significant potential for a substantial return on investment, capitalizing on the robust growth and demand in Southwest Florida's thriving real estate market. This is a rare opportunity to acquire a large, fully permitted residential development site in a highly desirable location. The property is offered at an asking price of $2,800,000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 9.8 ac (426,888 SF)
    UPID US18-6414458
    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
    Value estimations
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