2543 First St

2 Acres of Commercial Land Offered at $12,887,358 CAD in Fort Myers, FL 33901

INVESTMENT HIGHLIGHTS

  • Located in Downtown Fort Myers, directly off the Edison Bridge—a major thoroughfare connecting North Fort Myers to Fort Myers.
  • Approved for a $9,535,685 TIF within the City of Fort Myers.
  • One of the last developable commercial waterfront parcels in Downtown Fort Myers.
  • Approved for a 239 unit waterfront apartment community with 5-story structured parking.
  • Situated in a walkable location near numerous wedding venues and Downtown Fort Myers attractions, including shopping and dining options.

EXECUTIVE SUMMARY

LSI Companies, Inc. is pleased to present this prime waterfront land development opportunity in Downtown Fort Myers.
Palmera of Downtown Fort Myers offers ±2.00 acres of prime waterfront development land. Strategically positioned at the prominent northwest corner of the Edison Bridge and First Street, this high-visibility site benefits from significant traffic, waterfront views, and walkable downtown location.
The property is currently permitted for a 7-story, 239-unit apartment community, including a five-story parking structure. Additionally, it qualifies for the Tax Increment Financing (TIF) Rebate Program, a valuable incentive provided by the City of Fort Myers to stimulate development through financial rebates.
This site presents a rare opportunity for developers to secure one of the last remaining commercial waterfront parcels in Fort Myers.
LOCATION HIGHLIGHTS:
• 0.7± miles to the Luminary Hotel
• 0.8± miles to the Caloosa Sound Convention Center
• 1.2± miles to City of Palms Park
• 1.8± miles to Lee Memorial Hospital
• 15.6± miles to Fort Myers Beach
• 15.7± miles SWFL Intl. Airport (RSW)
• 17.4± miles Florida Gulf Coast Univ. (FGCU)

PROPERTY FACTS

Price $12,887,358 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Apartment Units
Total Lot Size 2.00 AC

1 LOT AVAILABLE

Lot

Price $12,887,358 CAD
Price Per AC $6,443,679.13 CAD
Lot Size 2.00 AC

Prime Waterfront Land Development Opportunity

PROPERTY TAXES

ZONING

Zoning Code U-CORE
  • Listing ID: 34614017

  • Date on Market: 2025-01-27

  • Last Updated:

  • Address: 2543 First St, Fort Myers, FL 33901