1526 Park AVE, Fort Myers, FL, 33901 | $250,000

Vacant residential and mixed-use Urban General (U-GEN) lot ideally positioned adjacent to the ONE and ALLURE luxury condominium towers. The property is located in close proximity to the historic Downtown Fort Myers River District, a true waterfront jewel that seamlessly blends rich history with a vibrant, modern urban lifestyle creating an unmatched destination for living, working, and entertainment. Through strategic redevelopment led by the Community Redevelopment Agency (CRA), Downtown Fort Myers has been revitalized into a dynamic and growing urban core known as “The City of Palms. ” In recent years, the district has attracted a diverse mix of new businesses, including dining, retail, arts, and cultural venues, making it an increasingly popular destination for both residents and visitors. The area offers a rare combination of tropical charm, urban energy, and year-round entertainment. This mixed-use lot in the Fort Myers River District is zoned Urban General, allowing for a wide range of permitted uses, including work/live spaces, office, multi-family, and single-family development. The property benefits from strong commercial visibility and is located approximately 160 feet from a signalized intersection at First Street. Fort Myers continues to experience significant growth, with numerous projects currently in both the planning and permitting stages. Notable nearby developments include Montage at Midtown, a major mixed-use project featuring residential, commercial, and structured parking, including a four-story multifamily complex with 321 apartments, a five-story amenity building, and a 585-space parking garage. With approximately 24, 000 AADT (Annual Average Daily Traffic) and its strategic location within a rapidly evolving urban district, this property represents an exceptional opportunity for future development.

Features

  • Zoning: U-GEN
  • Frontage: 121
  • Lot Desc: Regular
  • View: Partial Buildings
  • Community Type: No Subdivision,Non-Gated
  • MLS#: 225085194
  • Website: https://www.raveis.com
    /prop/225085194/1526parkave_fortmyers_fl?source=qrflyer
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Courtesy of COMPASS FLORIDA LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1526 Park AVE, Fort Myers, FL, 33901

$250,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $200,000 $200,000 $200,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.375% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.524% 5.866%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,198 $1,248 $1,647
Total Monthly Payment $1,273 $1,323 $1,722

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.