17650 San Carlos BlvdFort Myers Beach, FL 33931

This exceptional 14,000 sq ft, two-story Class A retail property in Fort Myers Beach, FL, presents a unique redevelopment opportunity. Located on 3.5-3.75 acres with 635 feet of frontage on San Carlos Blvd, this vacant property boasts a prime location near Margaritaville, ideal for tourism-related ventures. The existing building, constructed in 2006 and renovated in 2019, features open-air spaces, restaurants, and kitchens, offering potential for repurposing. Currently zoned C-2, it allows for 21 units, with potential for more, enabling diverse development options, including resorts, hotels, condos, or shopping plazas. The $6,900,000 asking price represents a 10% cap rate. A ground lease is in place, and the property is available at closing. Additional adjacent parcels totaling 4.2 acres are available for purchase separately, allowing for expansion. The property was previously leased under a gross lease agreement, commencing June 3, 2019, and expiring June 30, 2024, with a tenant possessing a corporate guarantee and franchisee status. The lease options were $20 per square foot. This is a rare chance to acquire a significant development site in a high-demand tourist area.