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2543 First St - Palmera - Downtown Fort Myers 2 Acres of Commercial Land Offered at $9,975,000 in Fort Myers, FL 33901
INVESTMENT HIGHLIGHTS
- Located in Downtown Fort Myers, directly off the Edison Bridge—a major thoroughfare connecting North Fort Myers to Fort Myers.
- Approved for a $9,535,685 TIF within the City of Fort Myers.
- One of the last developable commercial waterfront parcels in Downtown Fort Myers.
- Approved for a 239 unit waterfront apartment community with 5-story structured parking.
- Situated in a walkable location near numerous wedding venues and Downtown Fort Myers attractions, including shopping and dining options.
EXECUTIVE SUMMARY
U-CORE ZONING
This site falls under U-CORE zoning, which allows a base density of 70 units per acre, with the potential for bonus density. Buildings must be at least two stories and can reach
a maximum height of 18 stories.
PERMITTED USES
• Residential (including ?exhouse or live-work units)
• Retail (ground-?oor retail encouraged)
• Of?ce
• Lodging
• Childcare services
• Financial services
• Personal care services
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $9,975,000 | Lot Size | 2.00 AC |
| Price Per AC | $4,987,500.00 |
| Price | $9,975,000 |
| Price Per AC | $4,987,500.00 |
| Lot Size | 2.00 AC |
Prime Waterfront Land Development Opportunity
DESCRIPTION
LSI Companies, Inc. is pleased to present this prime waterfront land development opportunity in Downtown Fort Myers. Palmera of Downtown Fort Myers offers ±2.00 acres of prime waterfront development land. Strategically positioned at the prominent northwest corner of the Edison Bridge and First Street, this high-visibility site benefits from significant traffic, waterfront views, and walkable downtown location. The property is currently permitted for a 7-story, 239-unit apartment community, including a five-story parking structure. Additionally, it qualifies for the Tax Increment Financing (TIF) Rebate Program, a valuable incentive provided by the City of Fort Myers to stimulate development through financial rebates. This site presents a rare opportunity for developers to secure one of the last remaining commercial waterfront parcels in Fort Myers. LOCATION HIGHLIGHTS: • 0.7± miles to the Luminary Hotel • 0.8± miles to the Caloosa Sound Convention Center • 1.2± miles to City of Palms Park • 1.8± miles to Lee Memorial Hospital • 15.6± miles to Fort Myers Beach • 15.7± miles SWFL Intl. Airport (RSW) • 17.4± miles Florida Gulf Coast Univ. (FGCU)
PROPERTY TAXES
| Parcel Number | 13-44-24-P3-00404.0120 | Improvements Assessment | $0 |
| Land Assessment | $1,328,220 | Total Assessment | $1,328,220 |
PROPERTY TAXES
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2543 First St - Palmera - Downtown Fort Myers
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