18901 San Carlos BlvdFort Myers Beach, FL 33931

Property Details for 18901 San Carlos Blvd

Year built

1942

Construction

FRAME

Lot size

1.01 AC

Property size (Sq ft)

9,196 SF

Zone code

C-2 C-2

Property type

Retail properties

Property subtype

Gas stations

APN

18-46-24-00-00003.0000

APU

18462400000030000

Description

This exceptional 1.05-acre commercial waterfront property in Fort Myers Beach, Florida, presents a rare investment opportunity. Located on San Carlos Boulevard, the main artery serving Fort Myers Beach, this high-profile site boasts nearly 200 feet of waterfront access, suitable for dockage accommodating 6-12 boats with approximately 5-foot draft. The property is conveniently situated adjacent to the San Carlos Island bridge and just one mile from Fort Myers Beach, ensuring high visibility and accessibility. With an impressive 22,000 AADT (2021), all vehicles traveling to Fort Myers Beach pass this location. The site benefits from C-2 zoning, permitting a wide range of uses including restaurants, boat sales, repairs, rentals, and more. While a previous 12,000 square foot building was storm-damaged and is being removed, this presents a blank canvas for development. The seller may consider a long-term land lease at $21,000 per month. Fort Myers Beach is poised for significant redevelopment, making this a strategic investment in a rapidly growing area. The property offers access from both northbound and southbound traffic on San Carlos Boulevard. The asking price is $4,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,585,818

  6.5%

  $3,309,986

  7%

  $3,073,559

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,648,910

  Geo Method

  $4,232,253

• Alternative Use

  Use

  Valuation

  Residential

  $2,792,097

  Hospitality

  $2,557,546

  Educational

  $2,127,848

  Medical

  $2,201,028

  Retail

  $3,309,986

Location Insight

City

Fort Myers Beach

County

Lee

State

Florida

Latitude

26.4672

Longitude

-81.9506

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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