708 Tarpon Bay RdSanibel, FL 33957

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

Investment properties

Property subtype

Retail residential 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.

• 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

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