Updated Feb 10, 2026
Development Site At 1350 & 1356 Lavin Lane Sold For $650,000 With Sal DiBenedetto As The Broker
1350 Lavin Lane & 1356 Lavin Lane
$650,000
$1/SF
Building Size
261,360 SF
Asset Type
Development Site
Closing
Feb 4, 2026
About this deal
AI
This development site, located at 1350 & 1356 Lavin Lane in North Fort Myers, has a total area of 261,360 square feet and has been sold for $650,000, resulting in a price per square foot of $2.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $650,000
- Square Footage: 261,360
- Price per Square Foot: $2
- Broker: Sal DiBenedetto - EXP Realty LLC
- Market: North Fort Myers
The site is slated for a 90+ unit residential development that will include a mix of multifamily and single-family residences. The project will be developed by Miniopolis, which aims to create a thoughtfully designed community that meets market demand and supports long-term growth in the area.
Players
North Fort Myers Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93