Located in the heart of South Fort Myers, this expansive parcel of land offers a rare opportunity for astute investors and developers. Spanning 2. 38, this blank canvas presents endless possibilities for those with vision and ambition. Situated in a highly sought-after area, this land benefits from its proximity to Walmart Supercenter, Lowe's, Regions Bank, and Mercedes-Benz of Fort Myers. Its central position, near RSW International Airport makes it an ideal hub for various ventures. This property offers unparalleled flexibility with the (CC) Zoning designation.
The parcel is a vacant commercially zoned land parcel with (CC) zoning designation and located less than a mile south of Six Mile Cypress. BMW and Mercedes-Benz of Fort Myers are adjacent to the subject property.
Total land size is 2. 38 acres or 103, 673 sf according to the Lee County Property Appraiser. The subject is highly visible with approximately 171’ of frontage on Tamiami Trail and +/- 65, 500 traffic count.
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,272,000 | $1,272,000 | $1,272,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,250 | $8,145 | $11,168 |
Total Monthly Payment | $8,375 | $8,270 | $11,293 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.