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Windward Way Condo C/E Fort Myers, FL 33908 - MLS#221069446

Windward Way Condo C/E Fort Myers, FL 33908

PROPERTY DESCRIPTION

Compass Commercial is proud to present a previously approved 36-unit, 4.77-acre multifamily development site in the heart of Fort Myers, Florida.? The subject property is located at 15952 McGregor Blvd, Fort Myers, FL 33908, one of Fort Myers's primary corridors, connecting downtown to Sanibel Island.? The parcel sits at the entrance to Windward Way Condominiums, is in immediate proximity to major retailers, and is only 1-mile north of Sanibel Outlets and Publix.? The project had been previously approved in 2007 for 53k square feet of buildable area, and new zoning allows increased density to approximately 60+ units.? The project is perfectly positioned to develop a 65k-70k gross square foot rental or for-sale residential development by any regional or corporate investor.? Southern Lee County's strong multifamily demand and a rapidly diminishing supply pipeline have cut the average vacancy rate by nearly half over the past three quarters.? While the supply pipeline now only has 180 units underway, the improving market fundamentals place strong demand on housing, with very few fully approved multifamily development projects currently available within the market.?

PROPERTY DETAILS

  • Waterfront Type: None
  • Water: None
  • Sewer: None
  • County: Lee
  • Area: FM15 - Fort Myers Area
  • Community: Windward Way Condo
  • Subcommunity: WINDWARD WAY CONDO
  • Age Restricted: None
  • Community Features: Non-Gated
  • Days on Market: 44
  • Original Price: $1,500,000
  • Annual Property Taxes: $10,531
  • Repo/Reo: No
  • Short Sale: No

MAP LOCATION FOR WINDWARD WAY CONDO C/E FORT MYERS, FL 33908

SIMILAR LISTINGS NEAR WINDWARD WAY CONDO C/E

$1,450,000

5371 Park FORT MYERS FL 33908

0 BD 0 BA 0 Sq Ft

$1,495,000

14551 Jonathan Harbour FORT MYERS FL 33908

0 BD 0 BA 0 Sq Ft

How much is your Fort Myers home REALLY worth?

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© The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing
Listing courtesy of Compass Florida LLC

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