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- LoopNet Team
2951-3021 Buckingham Rd
Fort Myers, FL 33905
Hemingway Pointe - Fort Myers - 78.27± Acres · Land For Sale
·
75.05 AC

Investment Highlights
- Site is adjacent to (2) top performing communities in the area.
Property Facts
| Property Type | Land | Proposed Use | Retail |
| Property Subtype | Commercial | Total Lot Size | 75.05 AC |
| Zoning | RPD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 75.05 AC |
| Zoning | RPD |
Description
Hemingway Pointe offers potential buyers the rare opportunity to purchase land that has been approved for residential development. This property is positioned to be the next successful community in the Buckingham corridor as it capitalizes on the success of current master planned communities. Hemingway Pointe has approvals for uses ranging from 207 townhomes to 104 single family home sites, or a mixture thereof, providing opportunities to broaden the product and pricing. This is an ideal site for residential development, as affordable housing is becoming increasingly scarce in Lee County. This site also offers a community setting as opposed to scattered lots within the rural area of Buckingham. This site is directly adjacent to Lennar’s Portico Community, a large master planned community that is actively building and selling homes. In 2019, 157 new homes were built and sold within this development, making it one of the top performing communities in SWFL. In addition to the high absorption rate, Portico has experienced strong sales prices with 2019 average purchase prices at $273,000± and a median selling price of $263,000. Another large scale residential development deemed one of the top performing communities in SWFL is River Hall. This development is also adjacent to Hemingway Pointe. In 2019, River Hall pulled 173 construction permits for new homes. The Buckingham Community serves as a rural preserve community which offers many natural outdoor amenities for nature enthusiast or the family that prefers to live in a quiet rural setting while still being able to access the urban corridor. There are several successful communities surround the property such as River Hall, Portico, The Verandah, Horse Creek, Remington Oaks, Hawks Preserve, and more. Additionally, it is less than a mile from Riverdale High School and daily shopping center. In addition to the zoning approvals, Hemingway Pointe is being delivered to the buyer with an active ERP permit. No Army Corp of Engineers permit is required on this site. The Master Concept Plan, Plat, and Development Order are the responsibility of the purchaser. Water, Sewer, and Electric are in close proximity of this site. Hemingway Pointe is an excellent opportunity to purchase land approved for a new community that will allow the future buyer to capitalize on the continued success of the adjacent communities. This property is truly an excellent investment piece.
Links
Listing ID: 6726971
Date on Market: 4/11/2017
Last Updated:
Address: 2951-3021 Buckingham Rd, Fort Myers, FL 33905
The Land Property at 2951-3021 Buckingham Rd, Fort Myers, FL 33905 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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