7205 Estero BlvdFort Myers Beach, FL 33931

Property Details for 7205 Estero Blvd

Year built

1977

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.43 AC

Property size (Sq ft)

10,243 SF

Zone code

SANTINI

Property type

Retail properties

Property subtype

Community centers

APN

03-47-24-W1-00011.0000

APU

034724W1000110000

Description

Santini Marina Plaza, a vibrant 72,333 square foot shopping center situated on the south end of Fort Myers Beach, presents an exceptional investment opportunity. Completely renovated in 2024, this single-story plaza boasts 376 parking spaces and sits on a 5.43-acre lot (Lot Size 5.43 acres). Currently, multiple spaces are available, ranging from 1,038 to 3,648 square feet, with anticipated tenant turnover commencing March 1, 2024. Built in 1977 and recently modernized, this C-1 zoned property in Lee County, near Lenell Rd., has a rich history as a community hub. For years, Santini Marina Plaza has hosted numerous events, including farmers markets, art shows, and seasonal celebrations, fostering a strong sense of community and high foot traffic. Its established presence and prime location make it ideal for retailers, restaurants, and real estate offices seeking a thriving beachfront location. The property's extensive parking ensures ample convenience for customers and employees. This is a rare chance to secure a space in a well-established and highly visible retail center on one of Florida's most desirable beaches.

• CAP approach

  CAP return

  Valuation

  6%

  $3,994,078

  6.5%

  $3,686,841

  7%

  $3,423,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,178,207

  Geo Method

  $9,008,226

• Alternative Use

  Use

  Valuation

  Residential

  $3,109,988

  Hospitality

  $2,848,732

  Educational

  $2,370,112

  Medical

  $2,451,624

  Retail

  $3,686,841

Location Insight

City

Fort Myers Beach

County

Lee

State

Florida

Latitude

26.4143

Longitude

-81.8999

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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