708 Tarpon Bay RdSanibel, FL 33957
- Mixed-use properties
- 1,376 SF
Property Details for 708 Tarpon Bay Rd
- Year built
- 1976
- Construction
- FRAME
- Lot size
- 0.62 AC
- Property size (Sq ft)
- 1,376 SF
- Zone code
- TCG
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 26-46-22-T1-00222.0130
- APU
- 264622T1002220130
Description
This exceptional Sanibel Island commercial property presents a rare investment opportunity. Located at 708 Tarpon Bay Road, this 2,376 square foot building sits on a sizable 0.62-acre lot, offering 200 feet of frontage on the highly trafficked Tarpon Bay Road. Its strategic location directly across from the post office ensures high visibility and consistent foot traffic. The property's versatile layout includes a 1,400 square foot commercial space, ideal for a variety of businesses, and a 1,000 square foot apartment with a 376 square foot screened porch. The apartment provides ample space for an owner, staff, or as a separate rental unit, generating additional income potential. Previously used as a restaurant, the building has undergone a complete remediation process and boasts significant upgrades, including a new roof and impact-resistant windows and doors. This turnkey property is ready for immediate occupancy and offers significant upside for a savvy investor or business owner seeking a prime location on one of Florida's most desirable islands. The property's size and location make it an attractive prospect for a wide range of commercial ventures. Don't miss this chance to secure a piece of Sanibel Island's thriving commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $452,597
- 6.5%
- $417,782
- 7%
- $387,941
-
Comparable approach
- Method
- Valuation
- Relative Method
- $427,860
- Geo Method
- $389,513
-
Alternative Use
- Use
- Valuation
- Residential
- $417,782
- Hospitality
- $382,686
- Educational
- $318,391
- Medical
- $329,340
- Retail
- $495,274
Location Insight
- City
- Sanibel
- County
- Lee
- State
- Florida
- Latitude
- 26.4373
- Longitude
- -82.0805
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
FAQs
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