NE corner of Watts Road and DR MLK

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NE corner of Watts Road and DR MLK

Fort Myers, FL 33905
Asking Price
$5.51M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel spanning 12.65 acres in Fort Myers
  • Located at the corner of Watts Road and MLK Boulevard
  • Offered for sale at an asking price of 5,510,000 dollars
  • Site supports diverse commercial or mixed-use development projects
  • Strategic position within an active and growing Florida submarket

What's Special

This 12.65-acre commercial land parcel sits at the northeast corner of Watts Road and Dr. Martin Luther King Jr. Boulevard in Fort Myers, Florida. Positioned within a significant growth corridor in the region, the site provides a substantial footprint for various development initiatives. Fort Myers maintains a robust economy supported by a diverse mix of tourism, healthcare, and retail sectors, making this a strategic location for commercial expansion. The property's size and visibility accommodate a range of potential uses, including retail centers, professional office space, or mixed-use developments that require significant land area for complex site planning. The accessibility offered by this location makes it suitable for businesses looking to establish a strong presence within the expanding Lee County market. Investors and developers can leverage the proximity to major thoroughfares to serve the increasing local population. This land parcel represents a functional asset for those seeking to capitalize on the ongoing commercial development trends within the Fort Myers submarket.

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.95%
Monthly Payment
$27,260.474
Annual Cash Flow
$-247,125.684

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