Lehigh Acres Florida Businesses For Sale
Are you seeking a business opportunity in Lehigh Acres, Florida?
Lehigh Acres got its start in the mid 1950s when Chicago businessman Lee Ratner needed a tax shelter. He had sold his pest control business, and he faced the possibility of losing most of his earnings to the high capital gains tax of that era. Ratner heard that cattle was a good investment for people in his predicament, and he bought 18,000 acres of land in eastern Lee County and named it the Lucky Lee Ranch. After ranching for a while, and despite having no prior development experience, Ratner joined with Gerald H. Gould, a Florida advertising executive, Manuel Riskin, a Chicago CPA, and Edward Shapiro, a former Chicagoan who was in the real estate business in California, and began land sales at Lehigh Acres.
Since the days of Lucky Lee, the boundaries of Lehigh Acres have stretched to cover 61,000 acres (250 km2) and the pasture land where Ratner's cattle roamed has been divided into some 152,000 quarter acre (1,000 m²) and half-acre (2,000 m²) lots for housing, along over eleven thousand miles of roads. Strips of land along major thoroughfares, such as Homestead Road and Lee Boulevard, were set aside for commerce. In 1997, nearly 90% of Lehigh Acres' lots remained vacant.









