Royal Palm Ave Development

Investment Overview

TIR Prime Properties presents a prime 0.65-acre (28,181 SF) vacant development land parcel located on Royal Palm Avenue in Downtown Fort Myers, FL. Ownership is offering the property for straight sale at $1,350,000 and is also actively open to Build-to-Suit proposals and Joint Venture (JV) development partnerships. Zoned U-CTR (Urban Center), the site offers flexible high-density development possibilities. Conceptual architectural studies prepared to explore three viable development paths: *Residential: 80-unit (Live Local) 8-story building with 2,500 SF commercial and amenities. *Commercial / Office: 2-story concept totaling ~21,100 SF featuring ground-floor retail/restaurant space and second-floor office suites. *Hospitality: 12-story, 215-room hotel concept with ground-floor commercial space. Location Highlights: Situated half a block from First Street in the heart of Downtown Fort Myers, providing direct proximity to vibrant dining, entertainment, retail, and civic hubs. Incentives & Pathways: Potential eligibility for the Florida Live Local Act rental pathway and discretionary CRA Tax Increment Rebates. Full survey and architectural concepts available upon inquiry.

Investment Highlights

• Prime Downtown Location: Adjacent to The Ivy apartments in Downtown Fort Myers with immediate access to dining, shopping, and entertainment.
• Flexible Transaction Structures: Available for outright sale ($1,350,000), Build-to-Suit, or Joint Venture (JV) development proposals.
• Versatile Zoning (U-CTR): Urban Center zoning allows for 2 to 12 stories supporting residential, commercial, or lodging developments.
• Multiple Architect-Prepared Conceptual Studies: Includes designs for 80-unit residential (Live Local pathway eligible), 215-room hotel, or 21,100 SF multi-level retail/office scheme.
• CRA & Live Local Potential: Positioned for potential Live Local Act density/parking pathways and discretionary CRA tax increment rebates