EXECUTIVE SUMMARY: This 9.51± acres property is located on the southeast corner of Penzance Boulevard and Blasingim Road and presents a builder or developer with the opportunity to bring a new residential townhome product to the market. The future land use for the property is designated as Central Urban, which allows for up to 10 residential units per acre. The property's zoning is RPD, Residential Planned Development, allowing 90 townhome pads on the property. The property is cleared and fenced with access off Penzance Boulevard or Blasingim Road. The housing market in the immediate area of the site is experiencing strong demand for all types of housing and there are few opportunities to develop nearby. Demand drivers include but 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 (RSW), the Minnesota Twins spring training facility, the Boston Red Sox spring training facility, Bell Tower Shops, and the Lee Memorial Gulf Coast Hospital (currently undergoing a $306 million dollar expansion). *CALL FOR OFFERS LOCATION HIGHLIGHTS: • 2.5± miles to Daniels Parkway • 3.4± miles to Gulf Coast Medical Center • 4.2± miles to Page Field Airport • 4.4± miles to US-41 • 5.2± miles to I-75 • 6.9± miles to Downtown Fort Myers • 10± miles to Southwest Florida International Airport (RSW)