Motivated seller wants an offer. This property is zoned for multifamily development with a maximum of 10 units. The existing structure consists of two
2-bedroom, 1-bathroom units measuring 1225 square feet each, two 1-bedroom, 1-bathroom units measuring 850 square feet each, and one
efficiency unit. Additionally, the building includes a laundry facility. The units have been mostly stripped and require finishing touches. Despite
this, the building remains sturdy and features a newer roof, making it suitable for restoration or a different purpose. Considering its zoning
designation for multifamily use and the surrounding properties, this property presents an excellent opportunity to serve as the anchoring point
for your new condo, hotel, or apartment project. As there are neighboring properties that can be acquired along with this one, you have the
potential to secure additional space for parking and any other land needs your project may require. Although the property did sustain wind and
hurricane damage during Hurricane Ian, it can be repaired and used as a rental property. At the same time, you work on putting together the
larger project if you so choose.
Property Type :
Residential Income
Subdivision :
San Carlos On The Gulf
County :
Lee
Style :
Residential Income
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ByOwner last updated this listing 04/28/2024 @ 06:08
MLS: 224024733
LISTED BY: Joe Wallace, Gulf Coast Realty LLC
SOURCE: SWFL
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
