Fort Myers, FL
$3,250,000
Prime development opportunity along McGregor Blvd. in Fort Myers with proximity to Sanibel and Captiva Island, Punta Rassa and parts of Fort Myers Beach. McGregor Blvd. is a major access road with over 25,000 cars per day, connecting Cape Coral/Fort Myers to the Sanibel/Captiva Islands. This market holds dense residential population with significant recreational areas including several boat ramps and many RV resorts. This site also enjoys convenience to large national retailers such as the Sanibel Outlet Mall, Publix, Walmart Supercenter, Target and more. Lack of developable land in this sub-market, and a strong performing self-storage market (95%+ occ. rate) makes this site an exceptional opportunity.
There are currently over 1,400 residential units under various stages of construction within the immediate market area. Growth in the area is over 8% year over year according to the Census Bureau. Cape Coral, according to the 2020 Census Bureau, has seen a population rise of 30% from the 2010 Census and is the largest city between Tampa and Miami in both population and area. Sanibel Island is a deed restricted community that does not allow for storage of any kind, with the nearest self-storage facility being over 10 miles from its center. The area is a #1 tourist destination in Florida and internationally.
The site is ready for construction drawings/permits to be submitted, as it already has a fully approved Site Plan/Development Order from Lee County for a 101,247 SF, Class A climate-controlled storage building.
