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$245,000

Rare Fort Myers Investment & Development Opportunity! Two adjacent residential properties are being offered together (5442 Fourth Ave), creating an excellent opportunity for an investor, developer, or owner-user. The property includes a vacant, undeveloped duplex lot that is easy to clear, plus an adjacent single-family property featuring a livable 3-bedroom, 1-bath home.The single-family residence has been updated with a new roof, impact windows, and fresh interior/exterior paint. The home needs some additional work but is otherwise livable and offers immediate potential. A large 15' x 20' storage shed is located in the rear yard, providing substantial additional storage space.The adjacent duplex lot is currently undeveloped, offering a clean slate for future development. Potential exists to combine the two lots into one parcel and pursue rezoning to allow for a multifamily development, subject to City/County approval and applicable zoning and land-use requirements. Total combined acreage over 12,000 sqft. Conveniently located near Downtown Fort Myers, shopping, dining, major roads, and other amenities, this property offers both current residential use and significant future development potential. An excellent opportunity to acquire two adjoining properties with multiple possibilities for redevelopment, investment, or an owner-user strategy.

A12077958 MLS

5438/5440 Fourth Avenue, Fort Myers

$250,000

INVESTMENT & DEVELOPMENT OPPORTUNITY — TWO ADJACENT PROPERTIES OFFERED TOGETHER! This unique package includes a well-located 3-bedroom, 1-bath single-family home plus an adjacent residential duplex lot (5438/5440), offering flexibility for an investor, developer, or owner-user.The existing single-family home is livable and features a new roof, impact windows, and fresh paint. The property needs some additional work but provides a solid foundation for continued use or future improvements. A spacious 15' x 20' shed is located in the rear of the property, providing excellent storage or workspace potential.The adjacent undeveloped duplex lot offers a clean slate for future development and is easy to clear. With both properties being sold together, there may be an opportunity to combine the lots into one parcel and pursue rezoning for multifamily use, subject to applicable City of Fort Myers approvals, zoning requirements, and development regulations.Located near Downtown Fort Myers, shopping, dining, major roads, and other everyday amenities, this package presents an attractive opportunity to acquire an existing residence along with additional land for potential future development.Two adjacent properties. One package. Multiple possibilities. Whether you're looking for an investment property with additional land, a future development opportunity, or a property with potential for multifamily redevelopment, this offering is worth a closer look. 12,010 sqft of total land.

3 Beds ⋅ 1 Baths ⋅ A12064691 MLS

5442 Fourth Avenue, Fort Myers

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