15 Acre Multi-Family Land For Sale

13290 Palomino Lane and 13301 Apaloosa Lane Fort Myers, FL 33912

13290 Palomino Lane and 13301 Apaloosa Lane, Fort Myers, FL, 33912
Aerial
13290 Palomino Lane and 13301 Apaloosa Lane, Fort Myers, FL, 33912
FOR SALE
Property Type:
Multifamily Land
Amount:
$7,800,000
Last Verified:
Jan 19, 2021

Highlights

  • Multi-Family Zoning In-Place for 300 Units at 55ft in Height
  • High density "General Interchange" overlay
  • Close to I-75 and Daniels interchange
  • Ingress and egress from both Palomino Lane and Apaloosa Lane
  • Walking distance to retail shops, Publix shopping center, hotels and several restaurants.
  • Nearby public transportation
  • Major Infrastructure roads, sidewalks, utilities in-place
  • Rare Opportunity to acquire land with high density General Interchange overlay
  • Traffic Light is going in at intersection of Apaloosa Lane and Daniels Parkway

Description

Invest Florida is pleased to present an opportunity for a developer/builder to acquire this high density in-fill development site in the Daniels Parkway corridor near I-75. This 15 acre site is positioned to be one of the only multifamily developments west of I-75 in the Daniels interchange creating an exclusive opportunity to be one of a very few multifamily communities in this premier submarket of Lee County. Located a 1/2 mile west of I-75 just off of Daniels Parkway between Palomino Road and Apaloosa Lane allowing for a multiple entrances into the property. Recently the density overlay for this property was changed from Outlying Suburban (3 units per acres) to General Interchange which allows up to 22 residential units per acre. The property is being valued at 20 units per acre with each unit priced at $26,000. We believe this is a fair market price for this quality of location and condition of the land. Recently the Multi-Family zoning has been approved for 300 units at 55ft in height. Future residence will be just a short walk to several restaurants, Starbucks, Dunkin Donuts, dry cleaning, hotels, Publix grocery and several other retail centers will make this site very attractive to tenants. Also within a short driving distance are K-12 schools, I-75 and Southwest Florida International Airport, Florida Gulf Coast University, Gulf Coast Medical Center and Whole Foods. This property creates an opportunity to offer a multi-family community with above market rental rates due to this premier location and lack of competing communities in the submarket. This site location offers extensive nearby recreation opportunities and effortless commuting to major employment centers, airports, and shopping. This site is in close proximity just 7 minutes from Gulf Coast Medical Center and 2 minutes from South Trail Fire and Rescue. Located near I-75 for easy commuting to Naples going south or Cape Coral/Port Charlette going north. In summation this is a rare opportunity to acquire a high density multi-family development site in a submarket that has little to no Multi-Family communities. This site is only site not developed that has General Interchange overlay were all other adjacent sites are designated as Outlying Suburban allowing only 3 units per acre. Only serious inquiries will be considered with qualified buyers.

Invest Florida is pleased to present an opportunity for a developer/builder to acquire this high density in-fill development site in the Daniels Parkway corridor near I-75. This 15 acre site is positioned to be one of the only multifamily developments west of I-75 in the Daniels interchange creating an exclusive opportunity to be one of a very few multifamily communities in this premier submarket of Lee County. Located a 1/2 mile west of I-75 just off of Daniels Parkway between Palomino Road and Apaloosa Lane allowing for multiple entrances into the property. Recently Lee County, FL approved and certified a change in the density overlay for this property from Outlying Suburban (3 units per acres) to General Interchange which allows up to 22 units per acre or 330 total residential units. Just a short walk to several restaurants, Starbucks, Dunkin Donuts, dry cleaning, hotels, Publix grocery and several other retail centers will make this site very attractive to tenants. Also within a short driving distance are K-12 schools, I-75 and Southwest Florida International Airport, Florida Gulf Coast University, Gulf Coast Medical Center and Whole Foods. This property creates an opportunity to offer a multi-family community with above market rental rates due to this premier location and lack of competing communities in the submarket. This site location offers extensive nearby recreation opportunities and effortless commuting to major employment centers, airports, and shopping. This site is in close proximity just 7 minutes from Gulf Coast Medical Center and 2 minutes from South Trail Fire and Rescue. Located near I-75 for easy commuting to Naples going south or Cape Coral/Port Charlette going north. In summation this is a rare opportunity to acquire a multi-family development site with up to 22 units per acre in a submarket that has little to no Multi-Family communities. This particular property is only site not developed that has General Interchange overlay where all other adjacent sites are designed as Outlying Suburban allowing only 3 units per acre. Only serious inquiries will be considered with qualified buyers. UPDATE: Lee County has announced a traffic light at the intersection of Apaloosa Lane and Daniels Parkway. Putting a light at this intersection is incredibly important and will be positive factor in the success of any future development!

Lot Size: 15.0 acres

Map of 13290 Palomino Lane and 13301 Apaloosa Lane, Fort Myers, FL, 33912

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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