$685,000
Great 4.35 acre CT-zoned site on Pondella Rd
CT zoning permits ALF, multifamily, commercial, retail, supermarkets, indoor storage, office, day care centers, home care facilities, hotel/motels, restaurants and more.
Approved for 50,064 SF of retail/office uses in two 2-story buildings (Bldg.#1: 20,114 sf, Bldg.#2: 33,892 sf), with parking, landscaping, water service, on-site pump station & force main, stormwater management facilities, and related site improvements. [CNC2007-00075].
The subject property includes one vacant commercial parcel of land totaling 4.35 acres. The land is zoned tourist commercial or CT. Permits were issued in 2007 for the proposed Pondella Commons project. The land is rectangular in shape. Development Order DOS2007-00058. Close proximity to US-41 and the bridge and to a signalized intersection of Pondella Road and N. Cleveland Ave.
Some permits already issued in 2007 for the proposed retail/office project-Pondella Commons. Road connects N. Cleveland Ave. to Pine Island Rd.
FLU (Future Land Use) is Central Urban. Maximum residential density in Lee County for this FLU is 10 d.u./acre, or 15 d.u. with bonus density. For a 4.35 acre site, that would be approximately 65 dwelling units.
Could also work for affordable housing / LIHTC.
