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11982 Kelly Rd - Mahana Breeze 8.35 Acres of Residential Land Offered at $3,700,000 in Fort Myers, FL 33908
INVESTMENT HIGHLIGHTS
- Rare 8.35± acre fully entitled and shovel ready multifamily development opportunity
- Direct frontage and access from both McGregor Boulevard and Kelly Road
- Development order in hand, with approvals for 116 multifamily units, with amenities
EXECUTIVE SUMMARY
• Rare 8.35± acre fully entitled and shovel ready multifamily development opportunity
• Development order in hand, with approvals for 116 multifamily units, with amenities
• Prior ERP approved plans for a 68-unit townhome project
• Located in the highly sought after Iona corridor of Fort Myers
• Direct frontage and access from both McGregor Boulevard and Kelly Road
• Active ERP in place
• Quick access to Fort Myers Beach and the barrier islands
• Close proximity to major commercial hubs, grocery stores, recreation areas, and tourist attractions
• The only shovel ready site available in this market area
LOCATION HIGHLIGHTS:
• 4.1± miles to HealthPark Medical Center
• 4.2± miles to Fort Myers Beach
• 5.8± miles to US 41
• 7.3± miles to Sanibel Island
• 9.5± miles to Page Field Airport
• 11.1± miles to Downtown Fort Myers
• 11.3± miles to I-75
• 16.1± miles to SWFL International Airport (RSW)
• 20± miles to Captiva Island
PROPERTY FACTS
| Price | $3,700,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 8.35 AC |
| Property Type | Land | ||
| Zoning | RM-2 | ||
| Price | $3,700,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 8.35 AC |
| Zoning | RM-2 |
1 LOT AVAILABLE
Lot
| Price | $3,700,000 | Lot Size | 8.35 AC |
| Price Per AC | $443,113.77 |
| Price | $3,700,000 |
| Price Per AC | $443,113.77 |
| Lot Size | 8.35 AC |
8.35± Acre Shovel Ready Multi-Family Development Site
DESCRIPTION
LSI Companies is pleased to present Mahana Breeze, a fully entitled, shovel ready development opportunity with approvals for 116 multifamily units. This 8.35± acre infill site has a fully approved development order, ERP, and RM-2 zoning in place. The current development order includes plans for an amenitized multifamily project consisting of 116-units across three, four-story buildings, offering a rare opportunity to acquire the only shovel ready development site in this market. Additionally, the site benefits from prior SFWMD approvals for a 68-unit townhome project, which could be revised and reinstated. The site is situated in the highly sought after Iona corridor of Fort Myers, just minutes from Fort Myers Beach, Sanibel, and Captiva Island. The property stretches from McGregor Boulevard to Kelly Road, with direct access from both roadways. Conveniently located near grocery, shopping, and entertainment, this site offers effortless access to both daily essentials and major tourist destinations of Southwest Florida.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $727,194 | Total Assessment | $729,950 |
PROPERTY TAXES
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11982 Kelly Rd - Mahana Breeze
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