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1161-1165 Estero Blvd 5,400 SF Retail Building Fort Myers, FL 33931 $4,200,000 ($777.78/SF)
Investment Highlights
- HIGHEST TRAFFIC COUNT ON FORT MYERS BEACH! #1
Executive Summary
HIGHEST TRAFFIC COUNT ON FORT MYERS BEACH! Amazing High Visibility Commercial Property Location ! Once-in-a-cycle opportunity to own a turnkey (3) apartment rental with a professional local Rental Management company in place that handles all the apartment rentals and is producing income for the owner. Plus a 2,700 Sq. Ft. ground floor commercial space ready for owner user or new tenant in the heart of Fort Myers Beach, just feet from the sand. Also has small seawall canal access to the Bay and Gulf. Recent remodel inside and out 2018/2023 Commercial Building, Corner of Estero Blvd. and Crescent St. This 2 Floor Building is located next door to one of the newest Margaritaville Resorts / Hotel on Fort Myers Beach, Florida and just a few steps across the street from the Margaritaville Beach Front Pool / Water Park that is open to the public for a fee and steps from the Public Beach Access in the Heart of the Busiest part of the Island. High Traffic and High Pedestrian walking area. In season thousands of cars and people driving and walking by this location daily. Existing and operating is (3) residential Rental Boutique Apartments upstairs delivering immediate income. Downstairs at the ground pedestrian level floor is aprox. 2,700 Sq. Ft. of vacant ready to use Commercial Space. This ground floor commercial vacant space is ready for a owner user or lease out to a tenant. It is possible under Town rules to use the front (old parking area) for extra space. You could have additional usable space. For example, food use tables and chairs out there and also install a awning from the building all the way out to the start of the sidewalk to provide a open air shade and rain free space Great for Retail, Restaurant, Bar, Ice Cream, Pizza, Sandwich / National Chain shop, Office space or many other commercial uses. Fantastic ! Location for a Iconic Brand. Walk able access to vibrant resort amenities, and local Beach attractions , dining destinations and the white sugar sand Beach the island is World Renowned for. Surrounded by premier Hotels, nightlife and entertainment in the high demand commercial Fort Myers Beach Downtown corridor. Total Remodeled in 2018 A/C, Roof, Plumbing, Electric, Misc. and Building remodeled and repair 2/1/2024 permit date, building and apartments are like new. Total Building Sq. Ft. : 5,568, Total Lot Size : 7,309 Sq. Ft. / 0.16 acres, Year built : 1967 Town of Fort Myers Beach Zoned : "Downtown" and the property has a Zero Parking requirement approved by the Town. Dont miss owning this Trophy Asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,400 SF
Building Class
C
Year Built
1967
Price
$4,200,000
Price Per SF
$777.78
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.46
Lot Size
0.27 AC
Zoning
CC - community commercial
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ocean Jewels
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ocean Jewels | Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 19-46-24-W4-0150E.0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,061,267 |
Property Taxes
Parcel Number
19-46-24-W4-0150E.0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,061,267
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1161-1165 Estero Blvd