601 Estero Boulevard Fort Myers Beach FL 33931 (224074103)

Overview of Parcel 24-46-23-W1-0060D.0070

Don't miss this land for sale in Island Shores! Owner financing!!! Attention wake up local builders what part of ready to build do you not understand………developement permit approved!! Owner willing to hold property as collateral for a builder to start building with terms to pay owner small deposit upfront then the balance after completion of project. Approvals in place 60 days to break ground, one-of-a-kind hotel looking elevation new construction!! Executive designed 3 family rental property, estimated yearly rent roll pro-forma of $700,000 per completion in 2026, beautiful hotel rendition elevation!! Time square location!!!! 711 estero blvd a vacant lot just closed october 2024 at $ 2,600,000 with no approvals & is a smaller lot, this 3 story 3 family investment rental property offers an elevator & commercial sprinkler system per code & sits on an oversized direct gulf access intersecting salt water canal property with city water & sewer, this three family building project is approved & building permit is ready to be submitted to start construction, all engineering, site plan, architectural plans & town approvals have been completed except building permit applications for this one of a kind designed three story investment property. Zoned for, weekly & monthly rentals. This project is designed with the investor in mind to offer a very quick finished product & a positive cap rate compared to the high building costs charged by other developers on fort myers beach, top floor unit offers vaulted ceilings, 3 bedrooms, 3 full baths, open floor plan upgraded finishes 4 balconies with gulf of mexico view & canal views, the other two remaining units are on the 2nd floor, one offers two bedrooms with one being a main guest suite & 1.5 baths with two balconies, the other unit offers two bedrooms with a jack & jill bath with two balconies, each unit comes with a garage & additional storage area's for each unit on the lower level, if you're an investor who wants to own one of the newest hurricane designed three family rental properties on fort myers beach that will never flood, hurricane designed fema/nfip conforming elevated structure, this is the premium location on the beach to rent for all us & european vacationers, who will pay a premium for this property, don't miss this opportunity!!

Please contact your ZFC agent for more information about MLS# 224074103 or any other land for sale in Fort Myers Beach or elsewhere in the Lee County area.