Apartment Development Opportunity

Highlights:

• Prime Downtown Location: Adjacent to The Ivy apartments in Downtown Fort Myers with immediate access to dining, shopping, and entertainment.
• Flexible Transaction Structures: Available for outright sale ($1,350,000), Build-to-Suit, or Joint Venture (JV) development proposals.
• Versatile Zoning (U-CTR): Urban Center zoning allows for 2 to 12 stories supporting residential, commercial, or lodging developments.
• Multiple Architect-Prepared Conceptual Studies: Includes designs for 80-unit residential (Live Local pathway eligible), 215-room hotel, or 21,100 SF multi-level retail/office scheme.
• CRA & Live Local Potential: Positioned for potential Live Local Act density/parking pathways and discretionary CRA tax increment rebates

Description:

TIR Prime Properties presents a prime 0.65-acre (28,181 SF) vacant development land parcel located on Royal Palm Avenue in Downtown Fort Myers, FL. Ownership is offering the property for straight sale at $1,350,000 and is also actively open to Build-to-Suit proposals and Joint Venture (JV) development partnerships. Zoned U-CTR (Urban Center), the site offers flexible high-density development possibilities.

Conceptual architectural studies prepared to explore three viable development paths:
*Residential: 80-unit (Live Local) 8-story building with 2,500 SF commercial and amenities.
*Commercial / Office: 2-story concept totaling ~21,100 SF featuring ground-floor retail/restaurant space and second-floor office suites.
*Hospitality: 12-story, 215-room hotel concept with ground-floor commercial space.

Location Highlights:
Situated half a block from First Street in the heart of Downtown Fort Myers, providing direct proximity to vibrant dining, entertainment, retail, and civic hubs.

Incentives & Pathways:
Potential eligibility for the Florida Live Local Act rental pathway and discretionary CRA Tax Increment Rebates. Full survey and architectural concepts available upon inquiry.

Discover the thriving multifamily/mid-rise investment potential in the vibrant Fort Myers market. The area surrounding the property embodies the essence of Florida living, with close proximity to renowned attractions and conveniences. Explore the diverse dining and entertainment options in the historic River District, just moments away. Indulge in the retail offerings at nearby shopping centers, or enjoy the natural beauty of the region's parks and waterfronts. With a bustling economy and a dynamic cultural scene, Fort Myers presents an exciting opportunity for investors seeking to capitalize on the robust demand for multifamily properties in this highly desirable location.

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