This development opportunity consists of 2.06 acres with the potential to build three stories of fully climate controlled self-storage. The site has been zoned C-1 (Commercial) which allows for the development of industrial, mixed-used, office and other commercial uses including self-storage. The site has fully permitted plans for 67,750 rentable square feet of self-storage across 681 units.
The site is located just northwest of downtown Ft Myers, directly along Santa Barbara Blvd N, between Diplomat Parkway E and Kismet Parkway E. The site’s position provides excellent visibility along the heavily trafficked Santa Barbara Blvd, with a daily average of over 13,400 vehicles passing directly in front of the site. The site’s immediate 3-mile trade area has seen significant growth in recent years, with the population growing 3.3% annually since 2020 and projected to continue growing at 1.8% annually over the next five years. The site’s 3-mile trade area is also seeing significant new multifamily development. There are currently 4 residential projects under construction totaling 809 units, with another 7 projects totaling 1,260 units in the planning and proposal stage.
This investment offers a unique opportunity to acquire a permitted development site in the rapidly growing Cape Coral – Fort Myers MSA. With fully permitted plans in place, buyers will benefit from a quick project start-up in a rapidly growing market, where incoming population and significant residential development will support a favorable supply and rental rate environment over the short- and long-term.