A 60.8-acre parcel located at the Southwest Quadrant of Interstate 75 & Daniels Parkway in Fort Myers has been sold for $35,000,000, which equates to approximately $575,657 per acre. This land is one of the highest-priced transactions for entitled but unimproved land in the region and is approved for a significant development including 1,230 apartments, 500,000 square feet of commercial space, a 300-room hotel, and townhomes, with development planned alongside major nearby road improvements.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $35,000,000
• Acres: 60.8
• Market: Fort Myers
• Buyer: Scott Lawlor - Waypoint Residential
• Broker: Gary Tasman - Cushman & Wakefield

Scott Lawlor of Waypoint Residential has acquired the land through the brokerage services of Gary Tasman of Cushman & Wakefield. This deal highlights the involvement of a significant buyer in the residential and commercial real estate market.