11088 Kelly RD, Fort Myers, FL 33908

Property Description

This property presents a unique opportunity to reposition an already approved multifamily site into a premium flex space development, aligned with current market demand in the Fort Myers area. Located along the highly desirable Kelly Road corridor in South Fort Myers, this ±4.6-acre site benefits from an approved Master Concept Plan (MCP) for 69 multifamily units, providing a strong entitlement foundation and reducing upfront development risk. While currently approved for multifamily, the property offers significant upside through repositioning into a flex space / light industrial ownership concept, which is increasingly in demand in the area. A conceptual layout supports approximately 50,000–55,000 SF of flex space, with small-bay units ideal for contractors, service-based businesses, storage users, and owner-operators. The site is situated in a well-established service corridor with a strong presence of contractors and local businesses, offering excellent access, visibility, and proximity to surrounding residential areas. The South Fort Myers submarket continues to show limited availability of modern flex space, with much of the existing inventory being older and not designed for ownership. This creates a clear opportunity to deliver a clean, modern, and premium flex product that outperforms existing supply. Conceptual development potential includes approximately 54,000 SF of buildable space, with target pricing in the range of $290–$320+ per SF and a potential gross sellout in the $15M–$17M range. Conceptual development strategy available upon request. Buyer is not limited to multifamily — repositioning to flex space may significantly enhance project returns while leveraging the existing site planning framework. This is a rare opportunity to acquire a well-located, partially entitled site with multiple development paths and strong upside potential. All development concepts are conceptual and subject to buyer verification, due diligence, and applicable approvals.

Listing Status:

Active

Date Added:

March 6, 2026

Data Last Updated:

June 12, 2026 at 11:06PM

Listing Office:

North and Vrillaud Realty Group : (239) 850-7117

MLS ID:

2026011505

Exterior

• General: Community
• Pool: Community

Location

• Road/Access: Paved
• HOA Amenities: ClubhouseParkPoolCommunity RoomSpa/Hot TubDog ParkFitness CenterPickleballSidewalkStreetlightUnderground Utility0.0
• Originating MLS: Florida Gulf Coast
• County: Lee

Lot

• Zoning: MC2PARL IN S E 1/4 AS DESC IN OR 1368 PG 134031-45-24-L3-00015.0010
• View: LakeView
• Fencing: Fenced
• Current Use: 03-Multi-Family-10 Units Or More
• Restrictions: Deeded

Utilities

• Utilities: Cable ConnectedElectricity ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater ConnectedElectricity on Property
• Water: None
• Sewer: None

Financial

• Source: Florida Gulf Coast