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Retail Investment Opportunity on Marco Island 701-721 Bald Eagle Dr 27,200 SF 100% Leased Retail Building Marco Island, FL 34145 $10,065,436 ($370.05/SF) 6% Cap Rate
Investment Highlights
- Prime location in the heart of Marco Island's primary commercial corridor
- Historically high occupancy with strong in-place income
- Affluent demographics supported by year-round residents and seasonal visitors
- Diverse mix of established retail, restaurant, and service-oriented tenants
- High-barrier-to-entry market with limited commercial development opportunities
- Value-add potential through rent growth, lease rollover, and future redevelopment opportunities
Executive Summary
Pelican Plaza is a 24,570± SF neighborhood shopping center situated on 2.15± acres in the heart of Marco Island, one of Southwest Florida's most affluent and supply-constrained retail markets. Strategically positioned along Bald Eagle Drive near the intersection of Collier Boulevard, the property benefits from excellent visibility, strong traffic counts, and a diverse mix of established local and regional tenants. The center features 153 shared parking spaces, approximately 375 feet of frontage, and a tenant roster that includes restaurants, service providers, specialty retailers, and marine-related businesses. Supported by affluent demographics, a thriving tourism economy, and significant barriers to new commercial development, Pelican Plaza presents a rare opportunity to acquire an income-producing retail asset with long-term upside in a highly desirable coastal market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
27,200 SF
Building Class
B
Year Built
1978
Price
$10,065,436
Price Per SF
$370.05
Cap Rate
6%
NOI
$603,926
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.15 AC
Zoning
C-4
Parking
158 Spaces (6.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 57040320007 | Improvements Assessment | $1,473,042 |
| Land Assessment | $2,897,105 | Total Assessment | $4,370,147 |
Property Taxes
Parcel Number
57040320007
Land Assessment
$2,897,105
Improvements Assessment
$1,473,042
Total Assessment
$4,370,147
Contacts
-
Biagio Bernardo -
William Young -
Lee & Associates Commercial Real Estate Services
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Retail Investment Opportunity on Marco Island | 701-721 Bald Eagle Dr
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