940 Tarpon St

940 Tarpon Street, Ft. Myers, Florida Two Blocks from City park on the water One Block from City Ballfields and Park Adjacent to a Lee County School District Location Discover the limitless potential of Fort Myers, FL, as a prime location for your next investment venture. Known for its vibrant cultural scene, stunning waterfront views, and flourishing business community, Fort Myers offers an array of opportunities for Special Purpose / Other investors. Within close proximity to the property, investors can explore the nearby River District, famous for its historic charm and array of dining and entertainment options. The location is also conveniently located near major transportation arteries and is just a short distance from the stunning Gulf Coast beaches. Embrace the unparalleled potential of this dynamic area and unlock the possibilities for your next venture.Priced below recent appraisal - Incredible location for redevelopment - 8 acres two blocks from the water in Ft. Myers Beach Florida. Also perfect investment for passive income as location is currently leased and generating significant rents. Next door to Lee County school and massive Lee County parks, within a short drive to commercial and medical locations. Could be MF, Condos, School System - the list goes on. Fort Myers Housing Market Forecast This southwest Florida area is still dealing with the impact from Hurricane Ian last year but is recovering quickly. Situated along Florida's picturesque southwestern coast, the Fort Myers area is a coveted destination for those seeking a more laid-back lifestyle. Fort Myers offers an abundance of outdoor activities, like boating, fishing, hiking, biking, tennis, pickleball and golf. With its wealth of waterfront properties and a housing market that is comparatively more affordable than many other regions, it's no surprise this area is attractive for passionate boaters, young families and retirees. Add in this region's natural beauty, beautiful beaches and artsy barrier islands, and it is easy to see why Fort Myers remains a coveted place to call home. While supply and demand dropped in the wake of Hurricane Ian, a Category 4 hurricane that devastated this area in 2022, its housing market is recovering quickly. Data from the U.S. News Housing Market Index provides a clearer picture about the Fort Myers and Cape Coral housing market over the past year, its current state and what to expect in the months to come. Fort Myers Real Estate Market: Predictions As the peak winter season nears and recovery efforts continue, the Fort Myers market should remain stable. The shortage of housing makes it challenging to find ideal properties at good prices, If interest rates drop in the future, refinancing can be a valuable option and it will open the door to more buyers. Conversely, if demand drops slightly, the supply of homes would need a significant increase to meet overall demand. A substantial change would require a substantial shift in supply, which isn't expected soon. Fort Myers is a city in and the county seat of Lee County, Florida, United States. The Census Bureau's Population Estimates Program calculated that the city's population was 92,245 in 2021, ranking the city the 370th-most-populous in the country. Together with the larger and more residential city of Cape Coral, the smaller cities of Fort Myers Beach, Sanibel, and Bonita Springs, the village of Estero, and the unincorporated districts of Lehigh Acres and North Fort Myers, it anchors a metropolitan statistical area (MSA) which comprises Lee County and has a population of 787,976 as of 2021.