Overview

Description

The Subject Property is a 20-acre parcel of vacant land located in the heart of Pine Island Center. This piece of property's FLU of Urban Community offers the opportunity for the development of up to 15 dwelling units per acre. Interest from major retailers and developers has increased significantly during recent times and further growth on Pine Island is expected. The Subject Property is ideally located just south of Pine Island Road providing easy access to the mainland and transportation through Southwest Florida.

The Subject Property has a zoning designation of Agricultural with an underlying zoning and future land use (FLU) of Urban Community. The Subject Property's location and land use make it ideal for residential development.

The Subject Property is 20 acres of vacant agricultural land located in the heart of Pine Island Center. A brand new Publix anchored shopping center is currently under development 1,000 feet from this parcel. The Greater Pine Island Water Association is 250' from the subject property as well. Pine Island Center is home to an elementary school, community park, shopping, fire department, industrial/commercial parks, and minutes from the Gulf of Mexico. Additionally, other retailers line the streets surrounding the Subject Property with interest from major retailers increasing daily, Pine Island Center should see significant growth in the immediate future.

Lee County has seen a population increase of 23% over the past decade and future projections are holding strong at 17%. Additionally, property values in the immediate area have seen increases of 134% since the year 2000 while median household incomes have increased 57% in that same time period. Lee County is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property.

Highlights

• 20 acres of vacant land
• One of the fastest growing areas in the country
• Easily accessible from the mainland
• Attractive site for residential development
• Agricultural Zoning and Urban Community Future Land Use

---