9820 Orange River BlvdFort Myers, FL 33905

Property Details for 9820 Orange River Blvd

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.23 AC

Property size (Sq ft)

4,514 SF

Zone code

C1 RS-1

Property type

Retail properties

Property subtype

Retail space

APN

03-44-25-01-00054.0000

APU

3442501000540000

Description

This exceptional 10.33-acre property in Fort Myers, Florida, presents a unique investment opportunity. Located at 9820/9860 Orange River Blvd, zip code 33905, in Lee County, this land boasts a desirable mix of zoning classifications. A portion is zoned C-1 commercial, offering a wide array of potential uses, while the remainder is zoned RS-1 residential, allowing for a base density of 10 dwelling units per acre, according to the Central Urban future land use designation. The property includes approximately 3.65 acres of RS-1 zoning, 1.00 acre of C-1 zoning, and approximately 0.80 acres of ponds. An additional parcel includes approximately 4.15 acres of RS-1 zoning, 0.73 acres of C-1 zoning, and approximately 0.35 acres of ponds. The parcel numbers are 03-44-25-01-00054.0000 and 03-44-25-01-00054.0010. Existing buildings are suitable for demolition. The asking price is $1,950,000, reflecting land value. This strategically located property offers excellent proximity to I-75 and the heart of Fort Myers, making it an ideal site for various development projects. The property is for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,823,856

  6.5%

  $1,683,559

  7%

  $1,563,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,275,532

  Geo Method

  $2,077,467

• Alternative Use

  Use

  Valuation

  Residential

  $1,420,145

  Hospitality

  $1,300,845

  Educational

  $1,082,288

  Medical

  $1,119,510

  Retail

  $1,683,559

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.68

Longitude

-81.795

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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