19001 Tamiami TrlNorth Fort Myers, FL 33903

Property Details for 19001 Tamiami Trl

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

28.83 AC

Property size (Sq ft)

8,575 SF

Zone code

CPD CPD

Property type

Retail space

APN

09-43-24-00-00010.008A

APU

0943240000010008A

Description

This exceptional 28.83-acre commercial land parcel, located at 19001 N. Tamiami Trail in North Fort Myers, Florida (zip code 33903), presents a significant development opportunity. Currently housing a fully operational driving range and discount golf retailer, the property offers substantial income potential. The permitted zoning, CPD - NFM Driving Range, allows for densities up to 6 dwelling units per acre, increasing to 8 with the use of Greater Pine Island TDUs. High demand exists for RV, manufactured home, apartment, and townhome communities in this rapidly growing area. The existing income-producing business provides a potential offset for development costs. The property boasts direct frontage on US-41 and enjoys convenient proximity to Publix, retail centers, golf courses, and schools (within a 5-minute drive). A unique aspect of this offering is the seller's willingness to subdivide the property. The rear 26.74 acres can be purchased separately for $5,950,000 ($222,513/acre), with shared access from Tamiami Trail and signage on the frontage to be arranged. The 2.09-acre commercial frontage and associated income would remain with the current owner. The property's strategic location offers easy access to major roadways, including Del Prado Blvd (1.2 miles), Pine Island/Bayshore Road (4.5 miles), I-75 (9.5 miles), and is within reasonable driving distance of Downtown Fort Myers, Burnt Store Marina, Punta Gorda, Pine Island, Fort Myers Beach, and Southwest Florida International Airport (RSW). This is a rare chance to acquire a large, well-located parcel in a thriving market. The APN is 09-43-24-00-00010-008A. The asking price for the entire 28.83-acre parcel is $7,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,343,670

  6.5%

  $3,086,465

  7%

  $2,866,003

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,334,972

  Geo Method

  $3,946,452

• Alternative Use

  Use

  Valuation

  Residential

  $2,603,549

  Hospitality

  $2,384,837

  Educational

  $1,984,156

  Medical

  $2,052,394

  Retail

  $3,086,465

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.7415

Longitude

-81.9197

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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