708 Tarpon Bay RdSanibel, FL 33957

  • Mixed-use properties
  • 1,376 SF
For Sale
$1,100,000 View listing

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
708 Tarpon Bay Rd, Sanibel, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$10,495
$510,372
$230,090
$740,462
-
$510,372
$230,090
$740,462

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].