Riverside Beach C/E DR, Fort Myers, FL 33919

$14,000,000
List Price
$14,000,000
Status
ACTIVE
MLS#
217019669
Days on Market
192
Development
Riverside Condo
Subdivision
Riverside Condo
Township
45

Property Description

Riverfront Redevelopment Opportunity. Beautiful 8 acre riverfront gulf access property in Fort Myers with 665 feet of sandy frontage and 14 boat slip docks. Currently 14 units, 2 bedroom 2 bathroom condominiums, 2 bldgs, 2 stories with detached garages for each unit. Built in 1980's, units range from 1,300 to 1,400 sf. All owners have agreed to sell the property in its entirety. Redevelopment maximum potential under existing codes is between 80 to 112 units depending on election of bonus programs. Zoned RM-2. County codes allow one additional foot per 1/2 foot of setback increase, estimated 10 to 12 story building achievable, possibly up to 14 stories. May use buildings for rental income as development applications proceed.

Additional Information

Community Type
Boating
Acres
8.12
Amenities
Community Pool
View
River
Gulf Access
Yes
Lot Description
See Remarks
Water
Central
Sewer
Central, See Remarks
Waterfront
Yes

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Miloff Aubuchon Realty Group.

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