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.
Listing courtesy of Miloff Aubuchon Realty Group.
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