760 San Carlos DrFort Myers Beach, FL 33931

Property Details for 760 San Carlos Dr

Year built

1945

Lot size

0.99 AC

Property size (Sq ft)

672 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

24-46-23-01-00007.0090

APU

24462301000070090

Description

This exceptional investment opportunity presents nearly one acre of cleared and leveled commercial land in Fort Myers Beach, Florida. Located on San Carlos Island at the foot of the Matanza Pass Bridge, this 0.99-acre parcel boasts high visibility from San Carlos Boulevard, a major artery connecting Lee County to Fort Myers Beach. Previously occupied by a mobile home park, the site is currently under a one-year lease agreement with a Florida Department of Transportation contractor, generating a consistent income stream while ensuring site maintenance. The C-1 zoning allows for diverse development options, including commercial ventures, hotel/resort projects, or multi-family residential uses. With approximately 190 feet of frontage on San Carlos Drive and 170 feet on Fisherman's Wharf, and two access roads, this property offers unparalleled access and exposure. Its proximity to the San Carlos Bay waterfront and a luxury yacht service center further enhances its appeal. The site is within walking distance of Fort Myers Beach and provides easy access to Sanibel Island, Captiva Island, and mainland Fort Myers. Future land use designations permit residential densities up to 15 units per acre with bonus density approvals. This presents a unique chance to participate in the revitalization of Southwest Florida's barrier islands, capitalizing on the region's burgeoning tourism sector. The asking price is $3,250,000. An adjacent 1.29-acre parcel with C-1 zoning is also available. The property's APN is 24-46-23-01-00007.0090.

• CAP approach

  CAP return

  Valuation

  6%

  $262,035

  6.5%

  $241,878

  7%

  $224,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,720

  Geo Method

  $309,273

• Alternative Use

  Use

  Valuation

  Residential

  $204,033

  Hospitality

  $186,893

  Educational

  $155,493

  Medical

  $160,841

  Retail

  $241,878

Location Insight

City

Fort Myers Beach

County

Lee

State

Florida

Latitude

26.4607

Longitude

-81.9534

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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