0 Is Vlg Cir St JamesSaint James City, FL 33956
- Other commercial real estate
- 496,800 SF
Property Details for 0 Is Vlg Cir St James
- Lot size
- 37.50 AC
- Property size (Sq ft)
- 496,800 SF
- Property type
- Other commercial real estate
- Property subtype
- Multifamily properties
Description
Exceptional investment opportunity: A fully permitted, 360-unit condo development on 37.5 acres in Saint James City, Florida, is available for $198,000,000. This Class A multifamily property boasts 496,800 square feet of space, with 90 buildings containing six quadplexes each. Each unit is approximately 5,520 square feet, and the project features 15 cul-de-sacs. The property is zoned for multifamily use and offers a projected 7.34% cap rate based on daily vacation rentals of $275 per unit. The location in Saint James City provides access to numerous outdoor activities, including fishing, boating, and kayaking. The strong demand for housing in Southwest Florida makes this a compelling investment opportunity. The property's pro-forma NOI is $14,530,320, and the price per unit is $550,000. The price per square foot is $398.55. All information is believed to be accurate but should be verified independently.
Location Insight
- City
- Saint James City
- County
- Lee
- State
- Florida
- Latitude
- 26.5816
- Longitude
- -82.1093
Comparable in this City
Similar Nearby for Sale
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