1161-1165 Estero Blvd - Storefront Retail/Residential FOR SALE


Fort Myers, FL 33931- Fort Myers Outlying
$4,200,000 USD
239-994-5049
1161-1165 Estero Blvd, Fort Myers, FL for Sale
$4,200,000 USD
Storefront Retail/Residential - FOR SALE
1/72
null | Request Cap Rate

NEW


1161-1165 Estero Blvd
Fort Myers, FL 33931
Fort Myers Outlying


HIGHLIGHTS

  • HIGHEST TRAFFIC COUNT ON FORT MYERS BEACH! #1

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$778 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

CC

APN/PARCEL ID

19-46-24-W4-0150E.0010

ASK ABOUT THIS PROPERTY

Bob BeasleyRWB Real EstateMore Info
239-994-5049

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Bob BeasleyRWB Real EstateMore Info
239-994-5049

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.