RIVERSIDE BEACH C/E DR, FORT MYERS, FL 33919

Riverside Beach C/E DR
FORT MYERS, FL 33919

$14,000,000

Listing #217019669
Riverfront Redevelopment Opportunity. Beautiful 8 acre riverfront gulf access property in Fort Myers with 665 feet of sandy frontage and 14 boat slip docks. Currently 14 units, 2 bedroom 2 bathroom condominiums, 2 bldgs, 2 stories with detached garages for each unit. Built in 1980's, units range from 1,300 to 1,400 sf. All owners have agreed to sell the property in its entirety. Redevelopment maximum potential under existing codes is between 80 to 112 units depending on election of bonus programs. Zoned RM-2. County codes allow one additional foot per 1/2 foot of setback increase, estimated 10 to 12 story building achievable, possibly up to 14 stories. May use buildings for rental income as development applications proceed.
Property Features
Location Information
County: Lee
MLS Area: FM05 - Fort Myers Area
Community: Boating
Exterior Features
Possession: At Closing
Septic or Sewer: Central, See Remarks
Water: Central
Utilities On Site: Cable, Electric, Irrigation Water, Other/See Remarks, Trash Removal, Water
Irrigation: Central
Lot Description: See Remarks
Lot Size in Acres: 8.12
Best Use: Multi_MF
Documents Available: Aerial, See Remarks
Boat/Water Access: Boat Dock Private, Dock In
Road Description: County Maintained, Paved Road, Public Road, See Remar
Waterfront Description: Gulf Frontage, Navigable, River Frontage, See Remarks
View Description: River
Additional Information
Property Type: LL
Restrictions: See Remarks
Amenities: Community Pool
Maintenance Includes: See Remarks


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
$
List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of Miloff Aubuchon Realty Group
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the RA of FGC Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Realty Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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y-RPCoast-L data last updated at November 21, 2017 11:25 PM ET