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621 Ortiz Ave - Glenwood Development 9.8 Acres of Residential Land Offered at $3,857,644 CAD in Fort Myers, FL 33905

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INVESTMENT HIGHLIGHTS

  • Increasing population growth is evident in the explosion of multifamily development where inventory is low and market rent is record-high.
  • Region attracts local & international investors bringing new capital into the market with available land for continued growth & development
  • Prime location, close to I-75, State Road 82, US-41 and other major corridors
  • Located in the Lee County Enterprise Zone, which offers potential development incentives, reduced permitting time, and impact fee waivers

EXECUTIVE SUMMARY

Glenwood Development presents a rare opportunity to acquire a 9.8± acre residential site offering zoning approval for up to 144 townhomes or multifamily units, including up to 48 bonus density units. This shovel-ready site is ideal for a high-quality residential development in one of Florida’s most dynamic and fast-growing markets. With flexible zoning, strong market demand, and immediate access to key infrastructure, the property presents a compelling opportunity for builders and investors alike.
Located within the Lee County Enterprise Zone, this site offers potential access to valuable development incentives, including reduced permitting times, impact fee waivers, and other cost-saving benefits. The property is exceptionally well-connected, with convenient access to major traffic corridors and close proximity to numerous demand generators such as employment centers, retail hubs, schools, and healthcare facilities. This location supports both near-term development success and long-term investment value.

PROPERTY FACTS

Price $3,857,644 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
Total Lot Size 9.80 AC
Zoning RPD - Residential Planned Development

1 LOT AVAILABLE

Lot

Price $3,857,644 CAD
Price Per AC $393,637.15 CAD
Lot Size 9.80 AC

Residential planned development allows 144 townhomes/multifamily units with a maximum height of 45’.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-44-25-00-00018.0010
Land Assessment
$253,832 CAD
Improvements Assessment
$0 CAD
Total Assessment
$253,832 CAD
  • Listing ID: 26612055

  • Date on Market: 2022-09-12

  • Last Updated:

  • Address: 621 Ortiz Ave, Fort Myers, FL 33905

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