16080 Pine Ridge Rd - Old Bates Farm

THE OPPORTUNITY: LSI Companies is pleased to present The Old Bates Farm, a 14.21± acre prime, infill residential development property. The Old Bates Farm is one of the few remaining vacant land tracts within the Summerlin corridor, the main thoroughfare connecting Fort Myers to Sanibel Island and Fort Myers Beach. This location offers residents quick access to the beaches all while being in close proximity to urban services. As such, Old Bates Farm offers buyers the unique opportunity to purchase a prime infill property poised for future residential development. The property is currently zoned Agricultural-2 and was historically used as a residential homesite. However, the Central Urban Land Use positions this property to capitalize on a rezoning that would allow for intense residential development. Under the Central Urban Land Use, applicants are permitted to a maximum density of 10 dwelling units per acre. If maximum density were awarded, a buyer could possibly obtain a property approved for development of 142 dwelling units. In addition, the Central Urban designation allows for other uses as well, including commercial and limited Light Industrial uses. Water, sewer, and electric are all located adjacent to the property along Pine Ridge Road. The Old Bates Farm is a rare opportunity for residential development in a market that is severely constrained of new housing inventory. Ideal for a build-to-rent or multifamily project, this property has all the ingredients of the next successful development in Southwest Florida. LOCATION HIGHLIGHTS: • 4± miles from Fort Myers Beach • 8.5± miles from Sanibel Island • 12.4± miles from Gulf Coast Town Center • 15.3± miles from Southwest Florida International Airport (RSW)