Log In/Sign Up
Your email has been sent.
FOR SALE or LEASE 3120-3131 E Riverside Dr 24,700 SF 63% Leased Flex Building Fort Myers, FL 33916 $3,495,000 ($141.50/SF)
Investment Highlights
- Riverfront Income Property with High-Rise Development Upside | Adjacent to New City Boat Ramp
- Property is completely fenced-in with security lighting and electronic security coded gate access
- New Firestone TPO roof with remaining multi-year warranty on main waterfront office sections
- Property is previously approved for PUD high-rise development by the City.
- New highly efficient HVACs; high efficient LED lighting; high speed Wi-Fi with installed Google NEST
- New 175mph hurricane resistant windows surrounding the entire back offices with lifetime warranty
Executive Summary
Offered at an adjusted price of $3,495,000, 3131 E Riverside Drive presents a rare dual-track opportunity for income investors, owner-users, and waterfront high-rise developers. The property is immediately adjacent to land recently acquired by the City of Fort Myers for a new public boat ramp, a significant catalyst for waterfront land values and future residential demand.
In addition to strong in-place and pro-forma income, the site has prior high-rise PUD history (reapplication required) and is well suited for a hold-and-carry redevelopment strategy, allowing rental income to offset carrying costs while pursuing future condominium or mixed-use development.
Parking / Land Upside Additional Land Value – A nearly ½-acre portion of the property can be developed with no zoning changes to RM16 or up to 7 units as-is or utilized short- or long-term as a 24–32 space surface parking lot, supporting the new City boat ramp, tenants, or future development, with potential for meaningful supplemental income.
Price For Lease: $15.00 PSF + $5.00 CAM
In addition to strong in-place and pro-forma income, the site has prior high-rise PUD history (reapplication required) and is well suited for a hold-and-carry redevelopment strategy, allowing rental income to offset carrying costs while pursuing future condominium or mixed-use development.
Parking / Land Upside Additional Land Value – A nearly ½-acre portion of the property can be developed with no zoning changes to RM16 or up to 7 units as-is or utilized short- or long-term as a 24–32 space surface parking lot, supporting the new City boat ramp, tenants, or future development, with potential for meaningful supplemental income.
Price For Lease: $15.00 PSF + $5.00 CAM
Property Facts
| Price | $3,495,000 | Lot Size | 1.46 AC |
| Price Per SF | $141.50 | Rentable Building Area | 24,700 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built/Renovated | 1951/2017 |
| Property Subtype | Flex Research & Development | Parking Ratio | 2.55/1,000 SF |
| Building Class | A | Clear Ceiling Height | 10’ |
| Zoning | CG - CG, Commercial General-CITY OF FORT MYERS; Vacant lot RM-16 | ||
| Price | $3,495,000 |
| Price Per SF | $141.50 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Lot Size | 1.46 AC |
| Rentable Building Area | 24,700 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2017 |
| Parking Ratio | 2.55/1,000 SF |
| Clear Ceiling Height | 10’ |
| Zoning | CG - CG, Commercial General-CITY OF FORT MYERS; Vacant lot RM-16 |
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Waterfront
- Wheelchair Accessible
- Reception
- Car Charging Station
- Air Conditioning
Utilities
- Lighting
- Water - City
- Sewer - City
- Heating - Electric
1 1
Property Taxes
| Parcel Number | 07-44-25-P4-00109.0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,102,513 |
Property Taxes
Parcel Number
07-44-25-P4-00109.0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,102,513
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
FOR SALE or LEASE | 3120-3131 E Riverside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.