634 Yachtsman DrSanibel, FL 33957

Property Details for 634 Yachtsman Dr

Year built

1979

Construction

STEEL FRAME

Lot size

1.09 AC

Property size (Sq ft)

873 SF

Property type

Retail properties

Property subtype

Gas stations

APN

20-46-23-T2-01500.0420

APU

204623T2015000420

Description

This exceptional Sanibel Island property offers ±18,873 square feet of combined indoor and outdoor space at the only marina on the island with direct Gulf of Mexico and Intracoastal Waterway access. The property includes dedicated outdoor boat storage, covered boat display areas, a service/parts storage garage, and an updated 873-square-foot air-conditioned office. This Class A, single-tenant retail, industrial, and special-purpose property is zoned for marina use and presents a unique opportunity for a business in a high-demand recreational boating market. Located at 634 N Yachtsman Dr, Sanibel, FL 33957, this property boasts a prime location within the Southwest Florida submarket and benefits from the strong boating market in Lee County, consistently ranking among Florida's top three. The property features one building, with no elevators, and sits on an 18,873-square-foot lot. The APN is 204623T2015000420. This is a rare opportunity to establish or expand a successful marine-related business in a highly desirable location. The property's strategic location and ample space provide significant potential for growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $340,411

  6.5%

  $314,226

  7%

  $291,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $441,333

  Geo Method

  $401,779

• Alternative Use

  Use

  Valuation

  Residential

  $265,061

  Hospitality

  $242,794

  Educational

  $202,002

  Medical

  $208,949

  Retail

  $314,226

Location Insight

City

Sanibel

County

Lee

State

Florida

Latitude

26.4511

Longitude

-82.0313

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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