For Sale
$6,885,471

17501 Harbour Pointe DrFort Myers, FL 33908

Prime FL waterfront retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 5,598 square foot retail property located at 17501 Harbour Point Dr, Fort Myers, FL 33908, in Lee County. The property, built in 2014 and renovated in 2017, consists of two buildings with two stories each, situated on a 3.28-acre lot. Currently operating at 100% occupancy with two tenants under a net lease agreement, the property boasts a strong NOI of $533,624 and a 7.75% cap rate. The asking price is $6,885,471, translating to $1,229.99 per square foot. The current lease, initiated December 1, 2017, has a remaining term of three years, with three and five-year renewal options. The property is zoned CT and features amenities such as an elevator, hurricane shutters, and ample parking. The property benefits from its waterfront location, attracting both local and tourist traffic, particularly given its proximity to Sanibel Island and the Punta Rossa boat ramp (scheduled to reopen July 2025). The lease includes a percentage-based rent structure, with a 6% rate up to $4 million in revenue and 6.5% on revenue exceeding that amount. One tenant, Bimini Bait Shack, generates a monthly income exceeding $4,000. This property offers a compelling combination of strong current income, significant future growth potential tied to ongoing area redevelopment, and a desirable waterfront location. The sale includes the property only

Highlights

  • Strong projected ROI due to Sanibel Island hurricane recovery projects.
  • Stunning views attract both tourists and locals.
  • Prime location on main route to Sanibel Island ensures high traffic.
  • Offers convenient accommodations for clients and visitors.
  • Features elevator, hurricane shutters, and ample parking.

Property Details for 17501 Harbour Pointe Dr

Property type
Retail properties, Restaurants
Square Feet
5,598 SF
Year Built/Renovated
2014/2017
Buildings
2
Stories
2
Lot Size (sq. ft)
142,877 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.4856127
Longitude
-82.0085514
17501 Harbour Pointe Dr, Fort Myers, Florida

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17501 Harbour Pointe Dr
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