4018-4036 Princeton Fort Myers, FL 33901

Other Residential MLS #: 224099852 Courtesy Of Downing-Frye Realty, Inc.

$3,850,000

3.47 acres
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Est. Property Tax: $6,128
Estimated monthly payments: $17,340/mo.* (recalculate)

Property InformationDescription

Introducing Princeton Development, a rare opportunity to acquire a premier

residential site in stunning Southwest Florida. This exclusive listing offers 3.4

acres of prime land, pre-approved for 72 multifamily units, or can pursue up to

174 single-bed units with a design change. Strategically situated in central Fort

Myers, the property enjoys proximity to key demand drivers and high-traffic areas,

making it an ideal location for a top-notch multifamily project. With its

exceptional potential for growth and returns, this development is lucrative

opportunity for savvy investors seeking to capitalize on the thriving Southwest

Florida market. Princeton Development is a proposed modern, three-story multifamily project

comprised of 72-units. The design resembles stacked townhomes where

two-story units are stacked on top of a ground-floor unit. The proposed design

comprises 4 buildings, each with a collection of 18 units with a combination of 2

& 3-bedroom layouts ranging from 960sq.ft. A/C to 1130 sq. ft. A/C. A feature

highlight is private exterior front entrances with no shared lobbies or common

corridors, giving residents more separation than condos. Catering to the

entry-level market, this no-frills complex offers a combination of modernity and

simplicity, urging residents to venture into the town to enjoy all the nearby

conveniences. Princeton Development has had an extensive design review. Once the architect is

re-engaged to complete the building design, anticipation is a 5 6 month timeline

from bldg. permit; a design update to the 2023 building code for drawings is

required. Expected turnaround for the redesign is 2 months followed by 4 months

for permit approval. Initial city comments have already been received to help stay

on track for permitting. Civil permit is approved and just pending issuance to help

break ground prior to receiving the bldg. permit. Also, with a lead time of 3

months for storm structures, having the civil permit ready will help with the

construction schedule. FPL design is complete and awaiting release. This will also

help with the construction schedule due to the long lead time for transformers.

Princeton Development is a financial opportunity that could significantly enhance

the market value of the surrounding area while also providing numerous benefits

to the community, making it a valuable addition to the neighborhood. This parcel is NOT located in a FEMA designated flood zone.
MORTGAGE CALCULATOR

Features

  • Amenities: Dock
  • Architecture Style: Other
  • Lot Size: 3.47 Acres

MAP & DIRECTIONS

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4018-4036 Princeton, Fort Myers, FL 33901
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School Information

4018-4036 Princeton, Fort Myers, FL 33901

Elementary School
Grades KG-5 | Public School
EDISON PARK CREATIVE AND EXPRESSIVE ARTS SCHOOL
Fort Myers, FL 33901
2401 Euclid Ave
239.­334.6232
Distance: 2.0 mi
School Rating
B-
Student:Teacher Ratio
16:1
Total Students
375
Elementary School
Grades KG-5 | Public School
EDGEWOOD ACADEMY
Fort Myers, FL 33916
3464 Edgewood Ave
239.­334.6205
Distance: 4.5 mi
School Rating
B-
Student:Teacher Ratio
15:1
Total Students
512
Elementary School
Grades KG-5 | Public School
ALLEN PARK ELEMENTARY SCHOOL
Fort Myers, FL 33901
3345 Canelo Dr
239.­936.1459
Distance: 0.9 mi
School Rating
D+
Student:Teacher Ratio
16:1
Total Students
894
Elementary School
Grades KG-5 | Public School
ORANGEWOOD ELEMENTARY SCHOOL
Fort Myers, FL 33901
4001 Deleon St
239.­936.2950
Distance: 0.2 mi
School Rating
D+
Student:Teacher Ratio
17:1
Total Students
586
Elementary School
Grades KG-5 | Public School
FRANKLIN PARK ELEMENTARY SCHOOL
Fort Myers, FL 33916
2323 Ford St
239.­332.1969
Distance: 3.0 mi
School Rating
D+
Student:Teacher Ratio
15:1
Total Students
460
Middle School
Grades 6-8 | Public School
PAUL LAURENCE DUNBAR MIDDLE SCHOOL
Fort Myers, FL 33966
4750 Winkler Avenue Ext
239.­334.1357
Distance: 3.9 mi
School Rating
C
Student:Teacher Ratio
17:1
Total Students
995
Middle School
Grades 6-8 | Public School
FORT MYERS MIDDLE ACADEMY
Fort Myers, FL 33901
3050 Central Ave
239.­936.1759
Distance: 1.4 mi
School Rating
D-
Student:Teacher Ratio
15:1
Total Students
611
High School
Grades 9-12 | Public School
CYPRESS LAKE HIGH SCHOOL
Fort Myers, FL 33919
6750 Panther Ln
239.­481.2233
Distance: 4.6 mi
School Rating
C-
Student:Teacher Ratio
21:1
Total Students
1491
High School
Grades 9-12 | Public School
ESTERO HIGH SCHOOL
Estero, FL 33928
21900 River Ranch Rd
239.­947.9400
Distance: 13.5 mi
School Rating
C
Student:Teacher Ratio
20:1
Total Students
1311
High School
Grades 9-12 | Public School
DUNBAR HIGH SCHOOL
Fort Myers, FL 33916
3800 Edison Ave
239.­461.5322
Distance: 3.4 mi
School Rating
D
Student:Teacher Ratio
19:1
Total Students
1769
High School
Grades 9-12 | Public School
FORT MYERS HIGH SCHOOL
Fort Myers, FL 33901
2635 Cortez Blvd
239.­334.2167
Distance: 1.7 mi
School Rating
B-
Student:Teacher Ratio
22:1
Total Students
1867
High School
Grades 9-12 | Public School
SOUTH FORT MYERS HIGH SCHOOL
Fort Myers, FL 33912
14020 Plantation Rd
239.­561.0060
Distance: 4.9 mi
School Rating
D-
Student:Teacher Ratio
21:1
Total Students
1747
High School
Grades 9-12 | Public School
BONITA SPRINGS HIGH SCHOOL
Bonita Springs, FL 34135
25592 Imperial Pkwy
239.­495.3022
Distance: 17.9 mi
School Rating
C
Student:Teacher Ratio
23:1
Total Students
1414
Other Nearby Schools Distance Type Grades School Rating
Ft Myers Christian School 0.6 mi Private PK-8
St Michael Lutheran School 0.9 mi Private KG-8
Pace School For Girls 1.2 mi Public 6-12
Bishop Verot Catholic High School 1.2 mi Private 9-12
Coronado High School 1.3 mi Public 7-12 F
Hibernian Private School 1.4 mi Private 6-12
City Of Palms Charter High School 1.6 mi Public 9-12 F
Lee County Virtual Instruction Program (district Provided) 1.6 mi Public KG-5
Lee Virtual Instruction Program 1.6 mi Public KG-12
Lee County Virtual Franchise 1.6 mi Public PK-12 B+
Lee Virtual Instruction (course Offerings) 1.6 mi Public 6-12
County Wide Exceptional Child Programs 1.6 mi Public PK-12
Tanglewood Elementary School 1.6 mi Public KG-5 C+
Colonial Elementary School 2.2 mi Public KG-5 C-
Evangelical Christian School 2.3 mi Private PK-12
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Fort Myers, FL 33901

Median Age: 43.7
Married: 30%
Number of Households: 10,556
Households with Children: 28.1%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.