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940 Tarpon St

94,779 SF Specialty Building Offered at $5,000,000 in Fort Myers, FL 33916

Investment Highlights

  • Can be made 7 Units per Acre. 56 Total Units without Redevelopment

Executive Summary

Priced below recent appraisal - Incredible location for redevelopment - 8 acres two blocks from the water in Ft. Myers Beach Florida. Also a perfect investment for passive income as the location is currently leased and generating significant rents. Next door to Lee County school and massive Lee County parks, within a short drive to commercial and medical locations. Could be Church, Private or Charter School, multi-family, Condos, - the list goes on.

Property Facts

Price $5,000,000
Price Per SF $53
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Schools
Building Class C
Lot Size 7.81 AC
Building Size 94,779 SF
No. Stories 2
Year Built 1958
Tenancy Single
Parking Ratio 4.01/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-44-25-P3-03618.0010
Land Assessment
$690,688
Improvements Assessment
$6,430,121
Total Assessment
$7,317,147

zoning

Zoning Code RS7 (Residential Single Family District)
RS7 (Residential Single Family District)
  • Listing ID: 30515436

  • Date on Market: 1/3/2024

  • Last Updated:

  • Address: 940 Tarpon St, Fort Myers, FL 33916

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