4018-4036 Princeton Street
Description
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...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 5–6 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.
- Listed by Jessica Catana, PA • Downing Frye Realty Inc.
- Listed by Ken Mulligan • Downing Frye Realty Inc.
Property Details for 4018-4036 Princeton Street
Property Details for 4018-4036 Princeton Street
| Status | Active |
|---|---|
| MLS # | 224099852 |
| Days on Market | 8 |
| Taxes | $6,129 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Lot & Land / Multi Family |
| Year Built | - |
| Lot Size | 3.47 AC |
| County | Lee County |
Building Information for 4018-4036 Princeton Street
Property Information for 4018-4036 Princeton Street
- Amenities: See Remarks
- Golf Type: No Golf Available
- Township: 44
- Property Features: Cable Prewire
- Road Responsibility: Public Maintained Road
- Section: 35
- Attached Garage: No
- Carport: No
- Covered Spaces: 0
- Garage: No
- HOA Desc: No
- HOA Fee: $.00
- Condo Fee: $0
- Primary HOA Fee: $0
- Tax Annual Amount: $6,128.68
- Living Area Units: Square Feet
- Interior Features: Cable Prewire
- Fireplace: No
- View YN: Yes
- Irrigation: None
- Water: Central
- Electric On Property: No
- Horse: No
- Lease Term: Buyer Finance/Cash
Property History for 4018-4036 Princeton Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4018-4036 Princeton Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Allen Park Elementary School PublicPK to 5 | ||
Tanglewood Elementary School PublicPK to 5 | ||
Edison Park Creative And Expressive Arts School PublicPK to 5 | ||
Orangewood Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Downing Frye Realty Inc., Jessica Catana, PA; Downing Frye Realty Inc., Ken Mulligan
The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.
