Land Available For Lease @ 13290 Palomino Lane And 13301 Apaloosa Lane

Invest Florida is pleased to present an opportunity for a developer/builder to acquire this high density in-fill development site in the Daniels Parkway corridor near I-75. This 15 acre site is positioned to be one of the only multifamily developments west of I-75 in the Daniels interchange creating an exclusive opportunity to be one of a very few multifamily communities in this premier submarket of Lee County. Located a 1/2 mile west of I-75 just off of Daniels Parkway between Palomino Road and Apaloosa Lane allowing for a multiple entrances into the property. Recently the density overlay for this property was changed from Outlying Suburban (3 units per acres) to General Interchange which allows up to 22 residential units per acre. The property is being valued at 20 units per acre with each unit priced at $26,000. We believe this is a fair market price for this quality of location and condition of the land. Recently the Multi-Family zoning has been approved for 300 units at 55ft in height. Future residence will be just a short walk to several restaurants, Starbucks, Dunkin Donuts, dry cleaning, hotels, Publix grocery and several other retail centers will make this site very attractive to tenants. Also within a short driving distance are K-12 schools, I-75 and Southwest Florida International Airport, Florida Gulf Coast University, Gulf Coast Medical Center and Whole Foods. This property creates an opportunity to offer a multi-family community with above market rental rates due to this premier location and lack of competing communities in the submarket. This site location offers extensive nearby recreation opportunities and effortless commuting to major employment centers, airports, and shopping. This site is in close proximity just 7 minutes from Gulf Coast Medical Center and 2 minutes from South Trail Fire and Rescue. Located near I-75 for easy commuting to Naples going south or Cape Coral/Port Charlette going north. In summation this is a rare opportunity to acquire a high density multi-family development site in a submarket that has little to no Multi-Family communities. This site is only site not developed that has General Interchange overlay were all other adjacent sites are designated as Outlying Suburban allowing only 3 units per acre. Only serious inquiries will be considered with qualified buyers. This space offers accomodations for: multifamily.