2 Locations

Ripco Investment Sales is pleased to offer for sale Prime Development Site located in North Fort Myers, Florida. The site is zoned for Residential, Commercial, Warehouse and Storage uses. Spread across two parcels totaling 4.44 acres, Prime Development Site is situated in North Fort Myers, one of Southwest Florida’s fastest growing communities. Current ownership has partially approved plans are in place for 90,000+ square-foot, three-story Class A facility storage facility, offering a sales office, state-of-the-art security and surveillance monitoring systems.

Upon completion of construction, the facility is estimated to house 660+ proposed units and will be 100% air conditioned. Located along Bayshore Road and adjacent to Interstate 75, the site provides excellent visibility, robust traffic counts and strong demographics. According to TractIQ’s Storage Site Report, there is a favorable 1.93 Current Square Foot per Capita in a 5-mile radius of the property. Additionally, national and custom home builders are currently constructing multiple single-family and multifamily housing communities in the immediate area. There are also numerous commercial and industrial properties in the planning stages and under development in the area, creating many job opportunities for the incoming residents.

In the proposed Prime Development Site market area, there are limited self-storage facilities, with an average of 95%+ occupancy. The newly constructed facility is expected to position itself as the premium market leader. This will be achieved by developing a new and visually pleasing “Old Florida” style multi-story building with a professionally staffed rental/sales office. There will be a variety of popular-sized storage units available, including the most sought-after large 10’x 20’s, as well as rare individual drive-in climate-controlled classic car units.

This an excellent opportunity for an investor to acquire a pristine self-storage property with limited competition, a convenient location and excellent demographics. Florida is one of the most desired states for self-storage investments. No state income tax, coupled with the fact that most homes in Florida do not have basements, attics are too hot to store valuables, creates a tremendous opportunity to acquire a trophy property, with a positive outlook.