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1www.lsicompanies.comOFFERING MEMORANDUM
PENZANCE 9.51 ACRES FORT MYERS, FL
Six Mile Cypress Pkwy.
Penzance Blvd.
Blasingim Rd.
PENZANCE 9.51 ACRES
OFFERING PROCESS
Offers should be sent via Contract or Letter of Intent to include, but not limited to, basic terms such as purchase price, earnest money deposit, feasibility period and closing period.
PLEASE DIRECT ALL OFFERS TO:William Rollins - [email protected]
William Rollins, CCIM, ALCSenior Broker
Doug Meschko, MBA, ALCSenior Broker/Analyst
Randy Thibaut, ALCOwner / CEO
9.51± Acres
AG-2
Accessible at Penzance Blvd.
$1,286.10
08-45-25-00-00003.0050
$1,400,000
Size:
Zoning:
Utilities:
2017 Taxes:
STRAP#:
Price:
O F F E R I N G S U M M A RY
E X E C U T I V E T E A M
MARKETED AND EXCLUSIVELY LISTED BY:
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EXECUTIVE SUMMARY
The 9.51-acre property located on the southeast corner of Penzance Blvd. and Blasingim Rd. presents a builder or developer the opportu-nity to bring new residential product to the market. The future land use for the property is designated as Central Urban, which allows up to 10 residential units per acre. Zoning is currently designated for ag-ricultural purposes and the property has an agricultural exemption on property taxes, which helps reduce holding cost while seeking enti-tlements on the property. The property is cleared, fenced and can be accessed off Penzance Blvd. or Blasingim Rd. Adjacent parcels totaling 33± acres are also potentially available.
The housing market in the immediate area of the site is experiencing strong demand for all types of housing and there are few opportuni-ties to develop nearby. Demand drivers include, but are not limited to, close walking distance to the Six Mile Cypress Slough Preserve Park, being only 1.4 miles from a new Whole Foods grocery store, and being a short drive to I-75, Southwest Florida International Airport, the Min-nesota Twins spring training facility, the Boston Red Sox spring train-ing facility, Bell Tower Shops, and the Lee Memorial Gulf Coast Hospital (currently undergoing a $306 million expansion).
Six
Mile
Cyp
ress
Blv
d.
Plan
tati
on R
d.
Penzance Blvd.
Penzance Blvd.
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SITE AERIAL
Six Mile Cypress Pkwy.
Penzance Blvd.
Blasingim Rd.
CYPRESS WALK
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SITE AERIAL
Six Mile Cypress Pkwy.
Penzance Blvd.
Blasingim Rd.
WINDSONG
SPRING TRAINING
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LEE COUNTY
123
FloridaGulf CoastUniversity
SWFL Int'l. AIRPORT
ESTERO
FORTMYERS
Gateway
BUCKINGHAM
NORTH FORT MYERS
CAPECORAL
LEHIGHACRES
San CarlosPark
ALICO RD
ISLA
ND
PA
RK R
D
MLK BLVD
OR
TIZ
RD
GU
NN
ERY
RD
Burnt Store Marina
BU
RNT
STO
RE R
D
Coral OaksGolf Course KISMET PKWY
LITTLETON RD
PKWY PALM BEACH
BLVD
BAYSHORE RD
River
DEL
PRA
DO
EXT.
80
78
78
765
CAPE CORAL PKWY
DEL
PR
AD
O B
LVD
CH
IQU
ITA
BLV
D CLEV
E LAN
D
BONITABEACH
FORT MYERSBEACH
865
ORANGE RIVER BLVD
FOW
LER
ST
MET
RO
PK
WY
CYPRESS LAKE DANIELS PKWY
BLVD
PKWY
SIX M
ILE
CYPR
ESS P
KWY
Health Park
SUMMERLIN
CORK
BONITASPRINGS
LEE
IMMOKALEE RD
846BONITA RD
RA
ILRO
AD
OA
KS P
KW
Y
THRE
E
RD
ALA
BAMA
BU
CK
ING
HA
MRD
31
ALT. RT 41
MCGREGOR BLV
D
869
GLADIOLUS DR
SAN
CARL
OS BL
VD
JOHN
MO
RRIS
DAVI
S R
SHELL POINT BLVDST. JAMES
CITY
PERIWINKLE WAY
SANIBELISLAND
CAPTIVAISLAND
CAYOCOSTA
PINE ISLAND RDHANCOCK BRIDGE
PONDELLA RD
RD
887
STRIKE LN
TERRY ST
COLONIAL
BEACH
To SANIBEL
HO
MES
TEA
D R
D
ALE
XA
ND
ER G
RA
HA
M B
ELL
BLV
D
LEELANDHEIGHTS BLVD
JOEL
BLV
D
COCONUT
PELICANLANDING
BONITA BAY
143
867
SCREW RD
TREE
LIN
E
867
82
82
BEN
HIL
L G
RIFF
IN P
KW
Y
Iona
To TAMPA121 Miles
BLVD
AVE
41
41
GULFOF
MEXICO
COL LEGE
PALO
MIN
O L
N
141
139
138
136
131
128
123
116
75
Cal
oosa
hatc
hee
RAILROAD
75
ESTERO BLVD
PINEISLAND
GASPARILLAISLAND
MATLACHA
STRING
FELLOW
RD
75
75
SITE
LOCATION MAP
SITE
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SPORTS & RECREATIONThe Southwest Florida environment provides excellent weather for enjoying sports and recreation year-round. Golfers can enjoy the nearby Heritage Palms Golf & Country Club as it’s just one of many golf courses from which to choose in the Fort Myers area. Baseball fans can enjoy two MLB teams during Spring Training season – The Boston Red Sox at JetBlue Park and The Minnesota Twins at CenturyLink Sports Complex (Hammond Stadium). The Fort Myers Miracle baseball team plays during the summer months and a variety of sporting events occur year round at these world-class facilities. Finally, Fort Myers’ location on the Gulf of Mexico make it an excellent place to enjoy a variety of water sports such as boating, kayaking and fishing.
AREA AMENITIES
ATTRACTIONS & ENTERTAINMENTSouthwest Florida’s greatest attractions and entertainment opportunities offer something for everyone, from festival-goers and theatre lovers to families and college students. Six Mile Cypress Slough Preserve and the Holton Eco-Preserve are two of the closest nature attractions. Each provide wonderful opportunities to explore the Southwest Florida environment and enjoy the beautiful weather. Sun Harvest Citrus is also a very popular outing with a Florida flair, where visitors can purchase grove-fresh oranges and orange juice. Of course, the beaches – including world renowned Sanibel and Captiva Islands and Fort Myers Beach – and other Fort Myers attractions are within a few miles of the property. Additional entertainment can be found throughout the area. From the festivals of The Fort Myers River District to world-class entertainment at Barbara B. Mann Performing Arts Hall and Germain Arena, there is an abundance of cultural and entertainment opportunities for residents to enjoy year-round.
EDUCATIONA highly respected private educational institution, Hodges University, is located just 4 miles from the property. Other higher education opportunities in Fort Myers include Florida Gulf Coast University and Florida Southwestern State College. These are easily accessible, making the site an excellent location for students. For families with children, the School District of Lee County provides excellent public schools within very close proximity to the property. The District provides busing for those who wish to attend a school outside of the immediate neighborhood.
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SHOPPING & DININGA plethora of shopping and dining attractions are situated conveniently throughout Fort Myers.
BELL TOWER SHOPS is a landmark shopping, dining and entertainment destination centrally located in Fort Myers, Florida. The open-air center offers fine retail shops including eclectic boutiques and shopping favorites Williams-Sonoma, Chico’s, White House | Black Market, Victoria’s Secret, Scout & Molly’s Boutique, and Talbots. Exceptional shopping is complemented by distinctive restaurants such as Bistro 41, Cru, DaRuMa Japanese Steak House, Grimaldi’s Pizzeria, Blue Pointe Oyster Bar & Seafood Grill, Cantina Laredo, Mimi’s Café, T.G.I. Friday’s, and Society. A community partner and pet-friendly destination, Bell Tower Shops hosts special events throughout the year, including concerts, fundraisers, art fairs, and more.
GULF COAST TOWN CENTER is a sophisticated contemporary shopping experience with more than 100 stores and restaurants and over a million square feet of business space. The mall hosts special events
throughout the year. Bass Pro Shops, Costco, Regal Cinemas, Super Target, and Best Buy anchor this center.
THE FORUM is a 458,000± square foot retail property and presents numerous shopping and dining opportunities to Fort Myers residents. Retail stores include Staples, The Home Depot, Bed Bath & Beyond, and Petco. Dining options include Buffalo Wild Wings, Five Guys Burgers and Fries, McAlister’s Deli, and Starbucks.
COCONUT POINT is a picturesque outdoor mall featuring over 140 stores including Dillard’s, Target, Apple Store, Michael Kors, and Barnes & Noble – all surrounding several acres of lakes with a boardwalk. Experience a wide range of dining options, from the elegant Ruth’s Chris Steakhouse and South Fork Grille, to family favorites Ted’s Montana Grill, Rodizio Grill, Bokamper’s Sports Bar and Grill or California Pizza Kitchen. Additionally, the 16 screen Hollywood Theaters is within walking distance of many of the restaurants in this complex.
LOCATION HIGHLIGHTS
• 2± miles from Publix Shopping Center
• 4± miles from I-75
• 4± miles from Bell Tower Shops
• 10± miles from Gulf Coast Town Center
• 10± miles from Southwest Florida International Airport
• 13± miles from Coconut Point Mall
• 15± miles from Sanibel, Captiva, and Fort Myers Beaches
AREA AMENITIES
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SCHOOL DISTRICT MAP
Free school bus transportation is provided for students who live beyond two miles from their assigned school. Students residing in barrier island boundary areas of Fort Myers Beach, and Pine Island will attend their barrier island elementary school. Students residing in barrier island boundary area of Sanibel Island will attend their barrier island elementary and middle school.
WEST ZONEStudent Assignment Office
Cape Coral .................................................1Elementary Schools
Caloosa (U) ................................................5Cape ..........................................................6Diplomat (U) ..............................................8Gulf .........................................................16Hancock Creek ........................................17Hector A. Cafferata, Jr. (U) ........................40J. Colin English (U) (IB).............................19Littleton (U) ................................................9NFM Academy for the Arts (K-8) (A) (U) .....23Patriot ......................................................44Pelican .....................................................26Skyline ....................................................30Trafalgar (U) .............................................34Tropic Isles ..............................................38
Middle SchoolsCaloosa ......................................................3Challenger ................................................17Diplomat.....................................................5Gulf ...........................................................8Mariner (IB) ..............................................10NFM Academy for the Arts (K-8) (A) (U) ....23Trafalgar ..................................................13
High SchoolsCape Coral (IB) ..........................................1 Ida S. Baker (C) ........................................10Island Coast .............................................13Mariner .....................................................7North Fort Myers (A) (CA) ...........................8
SOUTH ZONEStudent Assignment Office
Fort Myers .................................................2Elementary Schools
Allen Park ..............................................1Bonita Springs (U) (A) ............................4Colonial (U) ............................................7Edison Park (A) ................................... 11Franklin Park (U) ................................. 13Heights (IB) .......................................... 18Orangewood ......................................... 25Pinewoods ........................................... 28Ray V. Pottorf ...................................... 41Rayma C. Page (U) ............................... 42San Carlos Park (U) (A) ........................ 29Spring Creek (U) .................................. 31Tanglewood .......................................... 33Three Oaks .......................................... 36Villas ................................................... 39
Middle SchoolsBonita Springs (A) ..................................2Cypress Lake (A) ....................................4Fort Myers Middle Academy (U) (T) ....... 16Lexington (IB) ...................................... 15Paul Laurence Dunbar ......................... 11Three Oaks (U) ..................................... 12
High SchoolsBonita Springs (9th grade only) ............ 14Cypress Lake (A) ....................................2Dunbar Zone Magnet (IB STEM) ............... 3Estero (CA) ............................................4Fort Myers (IB) .......................................5South Fort Myers (C) ............................ 11
EAST ZONEStudent Assignment Office
Lehigh Acres .............................................3Elementary Schools
Alva (K-8) .................................................2Bayshore (U) ............................................3Edgewood Academy (A) (U) ................... 10G. Weaver Hipps ...................................... 45Gateway ................................................15Harns Marsh .........................................43James Stephens Academy (U) ..................6Lehigh ...................................................20Manatee (U) ...........................................14Mirror Lakes (U) .....................................22Orange River (U) ....................................24River Hall (U) .........................................12Sunshine ...............................................32Tice (FL) .................................................37Tortuga Preserve (U)...............................46Treeline (U) ............................................35Veterans Park (K-8) (A) (U) .....................27
Middle SchoolsAlva (K-8) .................................................2Harns Marsh (STEM) (U) ........................28Lehigh Acres (U) .....................................14Oak Hammock (A) (U) ............................18Varsity Lakes (U)......................................7Veterans Park (K-8) (A) (U) .....................27
High SchoolsDunbar (IB STEM)......................................3East Lee County (C) (CA) ........................12Lehigh Senior (A) (CA) ..............................6Riverdale (IB) ...........................................9
(A) Arts Program; (C) Comprehensive Program; (IB) International Baccalaureate; (CA) Cambridge Program; (T) Technology Program;(STEM) Science, Technology, Engineering, Math; (FL) Foreign Language; (U) this school has a uniform clothing policy
THE ScHOOl DiSTricT Of lEE cOUNTy
STUDENTASSIGNMENT
ZoNES2017-2018
Elementary
Middle
Multi-LevelHigh
Multi-ZoneStudentAssignment Office
W-3
W-2
W-1
S-1
S-2
S-3
E-1
E-2E-3
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GRAPHIC PROFILE - 5 MIN. RADIUSGraphic Profile7092-7208 Penzance Blvd Prepared by Land Solutions7092-7208 Penzance Blvd, Fort Myers, Florida, 33966 Latitude: 26.57026Drive Time: 5 minute radius Longitude: -81.83619
2017 Population by Race2017 Population by Race
4,500
4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0White Black Am.Ind. Asn/Pac Other Two+
84.9%
5.0% 0.2% 4.1% 3.3% 2.5%
<55-1920-2425-3435-4445-5455-6465+
2017 Population by Age2017 Population by Age
4.6%
14.5%
5.8%12.7%
11.3%
12.8%
14.8%
23.6%
2017 Percent Hispanic Origin: 11.9%
HouseholdsHouseholds
2,500
2,000
1,500
1,000
500
0Census 2010 2017 2022
1,825 1,8972,129
<$100K$100-199K$200-299K$300-399K$400-499K$500K+
2017 Home Value2017 Home Value
14.9%
27.8%
36.1%11.1%
4.5%
5.6%
2017-2022 Annual Growth Rate2017-2022 Annual Growth Rate
Perc
ent
3
2.5
2
1.5
1
0.5
0Population Households Median Household Income Owner Occupied Housing Units
2.42 2.332.60
1.99
20172022
Household IncomeHousehold Income
Perc
ent
20
15
10
5
0<$15K $15K-$25K $25K-$35K $35K-$50K $50K-$75K $75K-$100K $100K-$150K $150K-$200K $200K+
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
June 20, 2018
©2018 Esri Page 1 of 3
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DEMOGRAPHIC AND INCOME PROFILE - 5 MIN. RADIUS
Demographic and Income Profile7092-7208 Penzance Blvd Prepared by Land Solutions7092-7208 Penzance Blvd, Fort Myers, Florida, 33966 Latitude: 26.57026Drive Time: 5 minute radius Longitude: -81.83619
AreaStateUSA
Trends 2017-2022Trends 2017-2022
Annu
al R
ate
(in
perc
ent)
2.5
2
1.5
1
0.5
Population Households Families Owner HHs Median HH Income
20172022
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2017 Household Income 2017 Household Income
<$15K3.9%
$15K - $24K8.2%
$25K - $34K6.9%
$35K - $49K15.6%
$50K - $74K20.4%
$75K - $99K17.4%
$100K - $149K16.6%
$150K - $199K4.2%
$200K+6.9%
2017 Population by Race2017 Population by RacePe
rcen
t80
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2017 Percent Hispanic Origin: 11.9%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.
June 20, 2018
©2018 Esri Page 2 of 6
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DRIVE TIME MAPCustom Map
Source: ©2017 Esri.
June 20, 2018
Page 1 of 1
PENZANCE 9.51 ACRES
L I M I TAT I O N S A N D D I S C L A I M E R S
The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.
Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.
It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.
The Seller and LSI Companies disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.
Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.
Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the LSI Companies team.
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PENZANCE 9.51 ACRESFORT MYERS, FL
Land Solutions, a branch of LSI Companies, was founded in 2000 by Randy Thibaut to serve land owners, developers and home builders in acquiring land suitable for the development of residential and commercial properties. Today, LSI Companies is a recognized leader in Southwest Florida real estate brokerage, offering full land services, market research, asset management, and residential/commercial land marketing specialties. The LSI Companies team consists of highly skilled professionals with expertise in every aspect of the development process. The team specializes in current market and valuation issues, acquisition and disposition services, due diligence evaluation, per-mitting status and compliance, work-out projects, asset management, and land zoning and planning.
6 8 1 0 I n t e r n a t i o n a l C e n t e r B l v d . • F o r t M y e r s , F L 3 3 9 1 2 • 2 3 9 . 4 8 9 . 4 0 6 6
