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1950 Grace Ave

0.48 Acres of Commercial Land Offered at $289,000 in Fort Myers, FL 33901

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Executive Summary

Prime investment opportunity. $12,000 per unit land cost
Affordable Apartments - City Zoning - Site Plan approved.
Water credits available Tax Increment Financing (TIF) grant available. Call with any questions on opportunity jerry miller 305.305.0976

160727-15_Permit_20161004

Needs Study

Nutrient Bank Elegibilty Form

GRACE PRELIM 7-3-24 (4)

Offering Memorandum

Property Facts

Price	$289,000	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Conditions	Build to Suit Redevelopment Project	Proposed Use	Apartment Units - Condo Office Park
No. Lots	1	Total Lot Size	0.48 AC

Price	$289,000
Sale Type	Investment
Sale Conditions	Build to Suit Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Apartment Units - Condo Office Park
Total Lot Size	0.48 AC

1 Lot Available

Lot 4+5+21

Price	$289,000	Lot Size	0.48 AC
Price Per AC	$602,083

Price	$289,000
Price Per AC	$602,083
Lot Size	0.48 AC

PALMETTO PARK BLK 4 PB 3 PG 23 LOTS 4 + 5 + 21

Description

Ideal multi-family development opportunity near downtown. Walkable to transportation, services and shopping. Would sell subject to a successful grant from community redevelopment agency (TIF). Many incentives available such as impact fee waivers and approved water credits. Please contact broker for more details. Plan is for a 38 unit corporate Housing/hotel project $10,500 per unit land cost. Would well subject to approved zoning and a succesful TIF

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