18460 Mullock Creek LnFort Myers, FL 33908

Property Details for 18460 Mullock Creek Ln

Year built

1924

Construction

FRAME

Lot size

3.57 AC

Property size (Sq ft)

212 SF

Zone code

CM CM AG-2 CM

Property type

Retail properties

Property subtype

Retail space

APN

18-46-25-00-00020.0100

APU

18462500000200100

Description

This exceptional 5.21-acre waterfront property in Fort Myers, Florida, presents a rare investment opportunity. Currently operating as a thriving full-service marina, it boasts 22 wet slips and 56 dry slips, along with a 550 sq. ft. Creek Shack offering fuel, bait, food, and drinks. The property includes a large open-air pavilion and benefits from a 2-COP liquor license for beer and wine sales. Zoned CM & AG-2, the property features unique grandfathered entitlements allowing for both marina and residential uses. The 4.7 upland acres and 0.5 submerged acres are situated on Mullock Creek Lane (APN: 18-46-25-00-00020.0100 and 18-46-25-00-00020.0110), offering significant development potential in a highly desirable Southwest Florida location. The asking price is $4,500,000. This mixed-use asset is ideal for investors seeking a profitable, established business with significant upside. The property's location in Lee County, Florida, zip code 33908, ensures easy access to local amenities and attractions.

• CAP approach

  CAP return

  Valuation

  6%

  $82,666

  6.5%

  $76,307

  7%

  $70,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $107,174

  Geo Method

  $186,403

• Alternative Use

  Use

  Valuation

  Residential

  $64,368

  Hospitality

  $58,960

  Educational

  $49,054

  Medical

  $50,741

  Retail

  $76,307

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.4742

Longitude

-81.8512

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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