Riverside Beach C/e Dr

$14,000,000, 8.12 Acres

About This Property

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.

Essential Information

MLS® #217019669
Price$14,000,000
Acres8.12
TypeLand
Sub-TypeAcreage
StatusActive

Community Information

AddressRiverside Beach C/e Dr
AreaFM05 - Fort Myers Area
SubdivisionRIVERSIDE CONDO
CityFORT MYERS
CountyLee
StateFL
Zip Code33919

Amenities

AmenitiesCommunity Pool
ViewRiver
Is WaterfrontYes
Gulf AccessYes

Utilities

Cable, Electric, Irrigation Water, Other/See Remarks, Trash Removal, Water

Waterfront

Gulf Frontage, Navigable, See Remarks, River Frontage

Exterior

Lot DescriptionSee Remarks

Additional Information

Date ListedMarch 13th, 2017
Days on Market221
ZoningRM-2

Listing Details

OfficeMiloff Aubuchon Realty Group

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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. 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. Information deemed reliable but not guaranteed.

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