Great Investment Opportunity! Canal-Front Multi-Family Lot of 0.69 Acres – Potential for Duplex or Up to 6 Units

Price: $120,000

We present a great investment opportunity in a prime location offering direct canal access, perfect for developers and visionary investors. This 0.69-acre lot is ideal for building a duplex or up to 6 residential units, depending on local zoning regulations and requirements.

Key Features:

Prime Location: Conveniently located near major roadways like SR 82, Lee Blvd, Daniels Parkway, and Colonial Blvd, ensuring easy access to shopping, dining, and entertainment.
Canal-Front Access: Property with direct canal access, offering exceptional views and a peaceful setting for future residents.
Multi-Family Use Allowed: Potential to build a duplex or develop up to 6 units on the property—an excellent option for profitable residential projects.
FEMA Zone X: The lot is located in a low flood-risk area, meaning no flood insurance is required when building, significantly lowering long-term costs for investors.
Technical Reports Available: The property comes with an updated survey report and wetland report, providing essential information for planning and facilitating the permitting and development process.
Key Considerations to Verify:

Zoning: Ensure the lot is zoned for multi-family use, which could allow the construction of a duplex. It's important to confirm with the local government or urban planning department.
Building Requirements: Check local regulations regarding the minimum lot size, building height restrictions, and minimum property setbacks, as these factors may affect the feasibility of the project.
Permits and Approvals: Verify that the project complies with local building codes and regulations. The available wetland report and survey will help streamline this process.
Infrastructure: Ensure the property has sufficient infrastructure (water, sewer, road access, etc.) to support the construction of two units.
Competitive Advantages:

High Residential Demand: The proximity to universities, commercial areas, and local attractions like The Forum, JetBlue Park (home of the Boston Red Sox Spring Training), FGCU, and Gulf Coast Town Center ensures a strong rental and resale market.
Appreciation Potential: The area is continuously growing, representing a great investment opportunity with high potential for future appreciation.
Flexible Development Options: With available technical reports and approval for multi-family development, this lot offers flexible building options to suit various investor needs.
This is a unique opportunity to acquire land in a prime location with high potential for returns!