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2002 W 1st St

1.41 Acres of Commercial Land Offered at $9,750,000 in Fort Myers, FL 33901

Investment Highlights

  • Entitled and approved for high-rise development
  • Unobstructed sunset view over the mile-wide Caloosahatchee River
  • Urban Center zoning allows for a multitude of different uses
  • Conceptual design for 133 unit 18-story tower with structured parking
  • The ONLY high-rise waterfront site in true walking distance to Downtown
  • Also suitable for Hotel, Multifamily (potentially over 200 small units) or Office

Executive Summary

The only remaining entitled development site in the Downtown Fort Myers! PUD in place, allowing for 18 stories, up to 250' tall, with up to 131 full size condominium or multifamily units. Unit count can potentially be significantly increase for smaller units (under 1250sf and or under 750sf each). This is arguable the best development site in this area, in true walking distance to the core of the vibrant Downtown area, abutting the newly reimagined Centennial Park. Only 1 block from the 'Caloosa Sound Convention Center' and the new Marriott Luminary Hotel , and 2 blocks from the historic Downtown core with an abundance of local restaurant and shops. Unobstructable sunset views across the mile-wide river.
Note: Entitled uplands for sale ONLY, seller will retain and develop the marina from the Seawall on forward - currently in permitting. As part of the sale the parcel the marina would be contractually split off along the Seawall with pedestrian access easement to the marina and certain provisions for parking to the Seller.
Adjacent vacant 0.31 acres under separate ownership could potentially also be combined with this lot (at a matching per sf sales price) for a combined 1.72 acres, allowing for more density and more flexibility in the use and in the placement of the parking structure along First St., if the site is not being developed according to the existing PUD.

Property Facts

Price $9,750,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Mixed Use
  • Multifamily
  • Hotel
  • Restaurant
Total Lot Size 1.41 AC

1 Lot Available

Lot

Price $9,750,000
Price Per AC $6,914,894
Lot Size 1.41 AC

Entitled 1.41 ac waterfront parcel (cleared filled and graded), ready for redevelopment in the central Downtown Fort Myers area, adjacent to Centennial Park. This is arguable the best development site in the rapidly developing Downtown Fort Myers.

Description

The VUE - Entitled Waterfront High-Rise Site This fully entitled high-rise site is located on the bank of the mile-wide Caloosahatchee River, with unobstructable Florida sunset views from every of the approved 133 condominium units. Also potentially suitable and zoned for up to 260 smaller apartment units, or hotel or office - or a mix thereof, provided that parking requirements are met. With access roads in place and utilities at the property line, this site is shovel ready for development into a signature high-rise tower that will stand out for its location and design from any other potential development in this market. Located adjacent to the City owned and recently renovated Centennial Park in Downtown Fort Myers, this is arguable the best high-rise site location in SW Florida. Future residents are in close walking distance - through the park- from the fully redeveloped core of the Downtown historic district with the dozens of restaurants, bars, shops, theaters and amenities that make this a perfect location for residents and seasonal residents alike. Located 1 block from the Luminary 4-star Convention Hotel and the adjacent City Yacht Basin that is under redevelopment and in close proximity to the charming historic First Street area. With a Publix supermarket and the McGregor corridor in close proximity to the opposite side of the parcel, daily shopping and the drive to the Islands of Sanibel and Captiva is just another benefit that this location offers.

Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-44-24-P3-00006.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,352,945

zoning

Zoning Code UC (Urban Center / Urban Core)
UC (Urban Center / Urban Core)
  • Listing ID: 3854845

  • Date on Market: 5/5/2016

  • Last Updated:

  • Address: 2002 W 1st St, Fort Myers, FL 33901

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