4018-4036 Princeton St, FORT MYERS, FL 33901
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  • MLS#: 224099852 ( Lot and Land )
  • Street Address: 4018-4036 Princeton St
  • Viewed: 2
  • Price: $3,850,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 12
  • Acreage: 3.47 acres
  • Additional Information
  • County: LEE
  • City: FORT MYERS
  • Zipcode: 33901
  • Subdivision: Fort Myers
  • Building: Fort Myers
  • Provided by: Downing Frye Realty Inc.
  • Contact: Jessica Catana, PA
  • 239-261-2244
  • Naples Area Board OF Realtors®
  • DMCA Notice
  • Description
    Introducing Princeton Development, a rare opportunity to acquire a premier residential site in stunning Southwest Florida. This exclusive listing offers 3.4 acres of prime land, pre approved for 72 multifamily units, or can pursue up to 174 single bed units with a design change. Strategically situated in central Fort Myers, the property enjoys proximity to key demand drivers and high traffic areas, making it an ideal location for a top notch multifamily project. With its exceptional potential for growth and returns, this development is lucrative opportunity for savvy investors seeking to capitalize on the thriving Southwest Florida market. Princeton Development is a proposed modern, three story multifamily project comprised of 72 units. The design resembles stacked townhomes where two story units are stacked on top of a ground floor unit. The proposed design comprises 4 buildings, each with a collection of 18 units with a combination of 2 & 3 bedroom layouts ranging from 960sq.ft. A/C to 1130 sq. ft. A/C. A feature highlight is private exterior front entrances with no shared lobbies or common corridors, giving residents more separation than condos. Catering to the entry level market, this no frills complex offers a combination of modernity and simplicity, urging residents to venture into the town to enjoy all the nearby conveniences. Princeton Development has had an extensive design review. Once the architect is re engaged to complete the building design, anticipation is a 56 month timeline from bldg. permit; a design update to the 2023 building code for drawings is required. Expected turnaround for the redesign is 2 months followed by 4 months for permit approval. Initial city comments have already been received to help stay on track for permitting. Civil permit is approved and just pending issuance to help break ground prior to receiving the bldg. permit. Also, with a lead time of 3 months for storm structures, having the civil permit ready will help with the construction schedule. FPL design is complete and awaiting release. This will also help with the construction schedule due to the long lead time for transformers. Princeton Development is a financial opportunity that could significantly enhance the market value of the surrounding area while also providing numerous benefits to the community, making it a valuable addition to the neighborhood. This parcel is NOT located in a FEMA designated flood zone.
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Features
Building and Construction
  • Sourceof Measure Lot Dimensions: Property Appraiser Office
Property Information
  • Transaction Type: Sale
Land Information
  • Land Use Code: 00-Vacant Residential
  • Lot Back: 379
  • Lot Description: Cul-De-Sac
  • Lot Frontage: 343
  • Lot Left: 439
  • Lot Right: 399
  • Lot Type: Residential Lot
  • Subdivision Number: P3
Eco-Communities
  • Irrigation: None
  • Water: Central
Utilities
  • Road: County Maintained, Paved Road
  • Sewer: Central
  • Utilities Available: Cable, Sewer, Water
Amenities
  • Amenities: See Remarks
  • Amenities Additional Fee: 0.00
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Mandatory Club Fee: 0.00
  • Master Home Owners Association Fee: 0.00
  • Tax Year: 2024
  • Transfer Fee: 0.00
Other Features
  • Approval: None
  • Block: 2200
  • Boat Access: None
  • Development: FORT MYERS
  • Golf Type: No Golf Available
  • Housing For Older Persons: No
  • Last Change Type: New Listing
  • Legal Desc: PRINCETON STREET GARDENS PB 44 PG 47 LOTS 1 + 2
  • Area Major: FM02 - Fort Myers Area
  • Mls: Naples
  • Parcel Number: 35-44-24-P3-02200.0010
  • Possession: At Closing
  • Restrictions: None/Other
  • Section: 35
  • Special Assessment: 0.00
  • The Range: 24E
  • Usage: Multi_MF
  • View: None/Other
  • Zoning Code: RM-16
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Details for 4018 4036 Princeton St, FORT MYERS, FL 33901
$3,850,000.00

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Introducing Princeton Development, a rare opportunity to acquire a premier residential site in stunning Southwest Florida. This exclusive listing offers 3.4 acres of prime land, pre approved for 72

  1. Approx. 3.47 acres
  1. MLSID: 224099852
  2. Provided by Downing Frye Realty Inc.
  3. Contact Jessica Catana, PA
  4. 239-261-2244
  5. Naples Area Board of REALTORS®
  6. DMCA Notice