17200 San Carlos BlvdFort Myers Beach, FL 33931

Property Details for 17200 San Carlos Blvd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

3,090 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

07-46-24-00-00002.0060

APU

7462400000020060

Description

Exceptional opportunity to acquire a thriving restaurant and bar in Fort Myers Beach, Florida. This turnkey operation, priced at $2,600,000, includes the real estate, business, fixtures, furniture, equipment (FF&E), goodwill, and a valuable liquor license (currently valued over $250,000). The 3,090-square-foot building sits on a 0.75-acre lot on high-traffic San Carlos Boulevard, just two miles from the beach. Built in 1988 and renovated in 2023, the single-story structure boasts a seating capacity of 154 and ample parking with 35 exterior spaces. The property is zoned C1 Commercial and importantly, remained dry during Hurricanes Helene and Milton. This represents a unique investment opportunity in a designated Opportunity Zone. All aspects of the business are included in the sale price, offering a seamless transition for the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,204,891

  6.5%

  $1,112,207

  7%

  $1,032,764

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,562,107

  Geo Method

  $1,422,103

• Alternative Use

  Use

  Valuation

  Residential

  $938,188

  Hospitality

  $859,376

  Educational

  $714,990

  Medical

  $739,580

  Retail

  $1,112,207

Location Insight

City

Fort Myers Beach

County

Lee

State

Florida

Latitude

26.4913

Longitude

-81.9437

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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