5281 Tice St
Fort Myers, FL 33905
Tice Street 60 · Land For Sale · 60.33 AC

LSI Companies Inc. is pleased to present Tice Street, a 60.33± acre vacant land parcel, ripe for future development. The property is a unique opportunity to purchase land already approved and zoned for future multifamily development. These opportunities are almost nonexistent throughout the Fort Myers sub-market and will afford builders the opportunity to secure a sizable development project ready for delivery, short term. Conveniently located at the corner of Tice Street and I-75, this parcel offers all the benefits of being near the city but is spared from the excess traffic typically associated with I-75 interchanges. PROPERTY HIGHLIGHTS: The property has three potential avenues for future development: Option 1- 256-Unit Townhome Project Tice Street Multifamily is well on its way to being fully permitted for construction of this option. The current zoning allows for construction of a 256-unit townhome community, complete with amenity center, playground, tennis courts and a pool. An ERP permit has already been secured for the 256-unit plan along with a letter of No permit required from the Army Corps. The development order will be the final step before construction can begin. Option 2 - 460-Unit Apartment Project The current 256-unit plan is the fastest path to development, however, under the current zoning, a buyer could potentially permit additional density here. The site is zoned RM-8 which allows for up to 8 multifamily units per acre. If maximum density were awarded, this property could potentially yield up to 460 multifamily units making it a viable candidate for an apartment project. Under this scenario, the zoning is already in place, however the ERP would have to be modified as well as a Development Order would need to be procured. Option 3- Tice Street has a future land use of Central Urban. The central urban land use category allows for both commercial and limited light industrial uses. With it’s proximity and quick access to I-75, this site would be well suited for a rezone to light industrial. Assuming a 25% lot coverage ratio, Tice street could potentially yield up to 435,000 Sq Ft of industrial floor area. This property represents a premium development opportunity with various possibilities for future projects. Tice Street has all the elements needed to become the next successful residential development in Lee County.