Windward Way Condo C/E
FORT MYERS, FL 33908
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Compass Commercial is proud to present a previously approved 36-unit, 4.77-acre multifamily development site in the heart of Fort Myers, Florida.? The subject property is located at 15952 McGregor Blvd, Fort Myers, FL 33908, one of Fort Myers's primary corridors, connecting downtown to Sanibel Island.? The parcel sits at the entrance to Windward Way Condominiums, is in immediate proximity to major retailers, and is only 1-mile north of Sanibel Outlets and Publix.? The project had been previously approved in 2007 for 53k square feet of buildable area, and new zoning allows increased density to approximately 60+ units.? The project is perfectly positioned to develop a 65k-70k gross square foot rental or for-sale residential development by any regional or corporate investor.? Southern Lee County's strong multifamily demand and a rapidly diminishing supply pipeline have cut the average vacancy rate by nearly half over the past three quarters.? While the supply pipeline now only has 180 units underway, the improving market fundamentals place strong demand on housing, with very few fully approved multifamily development projects currently available within the market.?
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Last updated Jun 2, 2024
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MLS# 221069446 —
Financial & Terms
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Potential Short Sale:No
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Restrictions:none
Location
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Latitude:26.511789
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Longitude:-81.954231
The Property
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Property Type:Lot & Land
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Property Information:Compass Commercial is proud to present a previously approved 36-unit, 4.77-acre multifamily development site in the heart of Fort Myers, Florida.? The subject property is located at 15952 McGregor Blvd, Fort Myers, FL 33908, one of Fort Myers's primary corridors, connecting downtown to Sanibel Island.? The parcel sits at the entrance to Windward Way Condominiums, is in immediate proximity to major retailers, and is only 1-mile north of Sanibel Outlets and Publix.? The project had been previously approved in 2007 for 53k square feet of buildable area, and new zoning allows increased density to approximately 60+ units.? The project is perfectly positioned to develop a 65k-70k gross square foot rental or for-sale residential development by any regional or corporate investor.? Southern Lee County's strong multifamily demand and a rapidly diminishing supply pipeline have cut the average vacancy rate by nearly half over the past three quarters.? While the supply pipeline now only has 180 units underway, the improving market fundamentals place strong demand on housing, with very few fully approved multifamily development projects currently available within the market.?
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Lot Description:irregular shape
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Lot Type:Commercial Lot
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Lot Unit:A
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Lot Back:700
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Lot Frontage (ft):271
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Lot Left:444
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Lot Right:611
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Rear Exposure:E
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# of Parcels Lots:1
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4.7740Acres:
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Usage:Commercial, Multi Use, Multi Mf, Multi Sf, Pud, Rv Lot
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View:city
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Ground Cover:Brush
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Road:city maintained, Legal Access
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Irrigation:none
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Waterfront:No
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Waterfront Description:none
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Gulf Access:No
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Land Use Code:03-Multi-Family-10 Units Or More
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Price Per Acre:$261,834.94
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Source of Measure Lot Dimensions:Property Appraiser Office
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Source of Measurements:Property Appraiser Office
Listing Agent
- Contact info:
- Agent phone:
- (561) 232-7899
- Office phone:
- (239) 261-4000
Taxes
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Tax Year:2020
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Taxes:$10,531
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Taxes:city and county
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Tax District Type:Not Applicable
Utilities
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Utilities Available:Cable, Electric, Gas, Sewer, Trash Removal, Underground Wiring, Water
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Water:None
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Sewer:None
Appliances
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Range:23
The Community
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Development:WINDWARD WAY CONDO
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Development Name:WINDWARD WAY CONDO
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Community Type:non-gated
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Maintenance:none
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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12/30/21
Dec 30, 2021
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Sold | SWFLMLS | $1,250,000 | -16.7% |
11/11/21
Nov 11, 2021
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Pending | SWFLMLS | $1,500,000 | |
9/28/21
Sep 28, 2021
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Listed / Active | SWFLMLS | $1,500,000 |