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2543 First St - Palmera - Downtown Fort Myers 2 Acres of Commercial Land Offered at $13,924,302 CAD in Fort Myers, FL 33901
INVESTMENT HIGHLIGHTS
- Located in Downtown Fort Myers, directly off the Edison Bridge—a major thoroughfare connecting North Fort Myers to Fort Myers.
- Approved for a $9,535,685 TIF within the City of Fort Myers.
- One of the last developable commercial waterfront parcels in Downtown Fort Myers.
- Approved for a 239 unit waterfront apartment community with 5-story structured parking.
- Situated in a walkable location near numerous wedding venues and Downtown Fort Myers attractions, including shopping and dining options.
EXECUTIVE SUMMARY
U-CORE ZONING
This site falls under U-CORE zoning, which allows a base density of 70 units per acre, with the potential for bonus density. Buildings must be at least two stories and can reach
a maximum height of 18 stories.
PERMITTED USES
• Residential (including ?exhouse or live-work units)
• Retail (ground-?oor retail encouraged)
• Of?ce
• Lodging
• Childcare services
• Financial services
• Personal care services
PROPERTY FACTS
| Price | $13,924,302 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.00 AC |
| Property Type | Land | ||
| Zoning | U-CORE | ||
| Price | $13,924,302 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.00 AC |
| Zoning | U-CORE |
1 LOT AVAILABLE
Lot
| Price | $13,924,302 CAD | Lot Size | 2.00 AC |
| Price Per AC | $6,962,151.19 CAD |
| Price | $13,924,302 CAD |
| Price Per AC | $6,962,151.19 CAD |
| Lot Size | 2.00 AC |
Prime Waterfront Land Development Opportunity
DESCRIPTION
LSI Companies, Inc. is pleased to present this prime waterfront land development opportunity in Downtown Fort Myers. Palmera of Downtown Fort Myers offers ±2.00 acres of prime waterfront development land. Strategically positioned at the prominent northwest corner of the Edison Bridge and First Street, this high-visibility site benefits from significant traffic, waterfront views, and walkable downtown location. The property is currently permitted for a 7-story, 239-unit apartment community, including a five-story parking structure. Additionally, it qualifies for the Tax Increment Financing (TIF) Rebate Program, a valuable incentive provided by the City of Fort Myers to stimulate development through financial rebates. This site presents a rare opportunity for developers to secure one of the last remaining commercial waterfront parcels in Fort Myers. LOCATION HIGHLIGHTS: • 0.7± miles to the Luminary Hotel • 0.8± miles to the Caloosa Sound Convention Center • 1.2± miles to City of Palms Park • 1.8± miles to Lee Memorial Hospital • 15.6± miles to Fort Myers Beach • 15.7± miles SWFL Intl. Airport (RSW) • 17.4± miles Florida Gulf Coast Univ. (FGCU)
PROPERTY TAXES
| Parcel Number | 13-44-24-P3-00404.0120 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,854,089 CAD | Total Assessment | $1,854,089 CAD |
PROPERTY TAXES
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2543 First St - Palmera - Downtown Fort Myers
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