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17501 Harbour Point Dr 5,598 SF 100% Leased Retail Building Fort Myers, FL 33908 $4,950,000 ($884.24/SF) 6.51% Cap Rate
Investment Highlights
- Restaurant has been in business since December 2017, with the current initial 10-year lease expiring November 30, 2027 with 3, 5-year renewal options
- Home to a well- known local restaurant brand that attracts both tourists and locals.
- Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place
- Bait Shop can generate an additional monthly income of $4,000 or more.
- 2.75 Million tourists coming to the area each year. Generating more than $96.5 billion in spending.
Executive Summary
Invest in a property that not only offers a beautiful waterfront setting but also promises strong income potential and a resilient structure. Seize this unique opportunity to own a prime commercial property in a highly sought-after location. Property only—no business operations included. Enjoy hassle-free ownership. Restaurant has been in business since December 1, 2017, with the current initial 10-year lease expiring November 30, 2027, with 3, 5-year renewal options available. Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place with a 6% rate up to 4 million and 6.5% on anything over. The on-site Bait Shack reopened alongside of the Punta Rossa boat ramp Q3 of 2025 and can generate a lucrative monthly income of $4,000 or more.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,598 SF
Building Class
B
Year Built/Renovated
1984/2014
Price
$4,950,000
Price Per SF
$884.24
Cap Rate
6.51%
NOI
$322,457
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.04
Lot Size
3.28 AC
Zoning
CT - Commercial Tourism
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bimini Bait Shop
- Accommodation and Food Services
- 5,088 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bimini Bait Shop | Accommodation and Food Services | 5,088 SF | - | - |
Property Taxes
| Parcel Number | 09-46-23-00-00002.0000 | Improvements Assessment | $882,720 |
| Land Assessment | $993,150 | Total Assessment | $1,948,165 |
Property Taxes
Parcel Number
09-46-23-00-00002.0000
Land Assessment
$993,150
Improvements Assessment
$882,720
Total Assessment
$1,948,165
Contacts
-
Shawn Stoneburner -
Gary Tasman -
Cushman & Wakefield|Commercial Property Southwest
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17501 Harbour Point Dr
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