Great Investment Opportunity! Canal-Front Multi-Family Lot of 0.69 Acres – Potential for Duplex or Up to 6 Units Price: $120,000 We present a great investment opportunity in a prime location offering direct canal access, perfect for developers and visionary investors. This 0.69-acre lot is ideal for building a duplex or up to 6 residential units, depending on local zoning regulations and requirements. Key Features: Prime Location: Conveniently located near major roadways like SR 82, Lee Blvd, Daniels Parkway, and Colonial Blvd, ensuring easy access to shopping, dining, and entertainment. Canal-Front Access: Property with direct canal access, offering exceptional views and a peaceful setting for future residents. Multi-Family Use Allowed: Potential to build a duplex or develop up to 6 units on the property—an excellent option for profitable residential projects. FEMA Zone X: The lot is located in a low flood-risk area, meaning no flood insurance is required when building, significantly lowering long-term costs for investors. Technical Reports Available: The property comes with an updated survey report and wetland report, providing essential information for planning and facilitating the permitting and development process. Key Considerations to Verify: Zoning: Ensure the lot is zoned for multi-family use, which could allow the construction of a duplex. It’s important to confirm with the local government or urban planning department. Building Requirements: Check local regulations regarding the minimum lot size, building height restrictions, and minimum property setbacks, as these factors may affect the feasibility of the project. Permits and Approvals: Verify that the project complies with local building codes and regulations. The available wetland report and survey will help streamline this process. Infrastructure: Ensure the property has sufficient infrastructure (water, sewer, road access, etc.) to support the construction of two units. Competitive Advantages: High Residential Demand: The proximity to universities, commercial areas, and local attractions like The Forum, JetBlue Park (home of the Boston Red Sox Spring Training), FGCU, and Gulf Coast Town Center ensures a strong rental and resale market. Appreciation Potential: The area is continuously growing, representing a great investment opportunity with high potential for future appreciation. Flexible Development Options: With available technical reports and approval for multi-family development, this lot offers flexible building options to suit various investor needs. This is a unique opportunity to acquire land in a prime location with high potential for returns! Schedule a Private Showing

Listing courtesy of FGCMLS / Sellstate 5 Star Realty

Last checked: Checking… • Last updated Dec 20, 2024 • Source: FGCMLS

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