Costco buys 55-Acre site in Fort Myers for $55 Million
Category: Land / Recent Sales
Location: Colonial Boulevard & Plantation Road, Fort Myers, FL
Sale Price: $55 Million
Site Size: Approximately 55 Acres
Costco Wholesale has acquired a major 55-acre development site in Fort Myers for approximately $55 million, marking one of the most significant land transactions in Southwest Florida.
The property is located near the signalized intersection of Colonial Boulevard and Plantation Road, with additional frontage along Metro Parkway. The sale reflects continued demand from major national retailers looking for large-format sites in high-growth corridors.
Key Details
Buyer: Costco Wholesale
Site Size: Approximately 55 acres
Sale Price: Approximately $55 million
Location: Colonial Boulevard & Plantation Road
Reported Price: About $1 million per acre
Property Type: Large-scale commercial development site
Why It Matters
This sale is important because large land transactions of this size are becoming harder to find in core growth areas of Fort Myers. Costco’s investment shows continued confidence in Southwest Florida’s population growth, retail demand, and long-term commercial development potential.
For landowners, developers, and investors, this transaction may also serve as a new benchmark for well-located commercial land along major corridors.
Market Takeaway
Major national retailers continue to follow rooftops, traffic counts, and regional growth patterns. A $55 million land acquisition of this scale signals that Fort Myers remains a strong target for institutional retail and large-format commercial development.