11000 Colonial Blvd
Fort Myers, FL 33913
Land For Sale
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68.40 AC
Investment Highlights
- This property is one of the last and the best situated infill properties available.
- This property has all off-site mitigation paid in full.
- The property has numerous residential developments nearby (see page 2 Housing Study) and is close to I-75 and SR 82.
- Highly desirable demographics, high traffic counts and excellent visibility.
Property Facts
Description
Located at the signalized intersection of Colonial Boulevard and State Road 82 within the City of Fort Myers, just 1.75 miles east of I-75, with 3,100 feet of frontage on Colonial Boulevard, including two full median openings on Colonial and 1,900 feet of frontage on SR 82 with one full median opening on SR 82. The property has great access and great proximity to numerous residential developments (See above housing study). The property also lies just west of Lehigh Acres, recently ranked the fastest growing area in the US. All entitlements to develop the property are in place, including City of Fort Myers PUD, which allows for the development of up to 355,000 SF of community commercial and related uses, USACOE permit, and SFWMD permit. The property has a 23 acre FPL easement that runs through the eastern half of the property. The property owner negotiated a usage agreement with FP&L to fully utilize the easement area for the property’s surface water management system, including excavation of 9 acres of lakes for wet detention, which will generate approximately 150,000 cubic yards of fill to be spread over the remaining developable land. Because the project’s surface water management system also incorporates pre-treatment for the future property, the remaining land can be developed with 80% impervious surface.
