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Dr. Martin Luther King Jr. Blvd

4.85 Acres of Commercial Land Offered at £2,151,738 in Fort Myers, FL 33916

Executive Summary

Strip center development site on high traffic corridor in an Opportunity Zone.

Property Facts

Price £2,151,738
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Fast Food
Total Lot Size 4.85 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price £2,151,738
Price Per AC £443,657
Lot Size 4.85 AC

perfect configuration for retail strip development or single tenant buildings.

Description

This prime retail development site is positioned in front of the highly successful Fleamasters Flea Market which hosts approximately one million shoppers per year on its 50 acre property. The Market is nearing completion of replatting the frontage lands to allow future outparcel developments, ideal for small strip retail and/or single tenant developments. The site has approximately 660' of highway frontage with an impressive 43,000 vehicles per day along State Road 80/Dr. Martin Luther King Jr. Boulevard. Uses could include fast food, urgent care, auto parts, dollar stores, etc. This site is approximately 1.7 miles from I-75 on one of the main corridors connecting I-75 with downtown Ft. Myers. The buyer will be responsible for constructing the abutting access drive and utilities, which is an approximate $600k cost. The property is also located in an Opportunity Zone, allowing the developer to take advantage of significant tax incentives. One of the very few OZ development sites in Southwest Florida.

zoning

Zoning Code IL
IL
  • Listing ID: 24158444

  • Date on Market: 24/09/2021

  • Last Updated:

  • Address: Dr. Martin Luther King Jr. Blvd, Fort Myers, FL 33916

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