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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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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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