This exceptional 0.1-acre commercial land parcel in the heart of Fort Myers Beach's Times Square presents a unique redevelopment opportunity. Located directly on Estero Boulevard, this property offers unparalleled visibility and access to the Gulf of Mexico. Previously improved with a building that was destroyed by Hurricane Ian, this site is now cleared and ready for a new vision. The location is ideal for a variety of commercial uses, including restaurants, bars, beach shops, or any business catering to the high volume of tourists and locals frequenting Times Square. Its proximity to the under-construction Margaritaville Resort (a $150 million project slated for late 2023 opening) and the public pier with adjacent county parking and beach access ensures high foot traffic and strong potential for success. This distressed sale presents a rare chance to be a part of the revitalization of Fort Myers Beach, a destination long beloved by both residents and visitors. The adjacent lot (1010 Estero Blvd) is also available for purchase, allowing for the development of a significantly larger project. This property is zoned for commercial use in Lee County, Florida, and is situated at 1021 Estero Blvd, Fort Myers Beach, FL 33931. The asking price is $7,500,000.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$863,194
Hospitality
$790,681
Educational
$657,837
Medical
$680,461
Retail
$1,023,303
Location Insight
City
Fort Myers Beach
County
Lee
State
Florida
Latitude
26.4532
Longitude
-81.9557
CBSA code
15980
CBSA name
CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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