LSI Companies is pleased to present this one-of-a-kind, fully entitled beachfront development opportunity located on Fort Myers Beach. Formerly operating as an “Old Florida”-style motor inn, the property sustained significant structural damage during Hurricane Ian, presenting a prime redevelopment opportunity. The site has been recently rezoned and approved for 148 resort keys and 131,333 Sq. Ft. of building area with accessory retail, a full service restaurant/bar, and additional recreational amenities (approved for up to 250,440 Sq. Ft. total project area inclusive of parking). The Neptune is the only fully entitled beachfront project that exists on Fort Myers Beach, providing a streamlined path for development without risk of delays or approvals. Additionally, redevelopment is not restricted to hospitality and other uses, including condo-hotel, timeshare, or hybrid, may be approved. Please refer to page 5 for further development details. Situated on the northern end of the Civic Complex area of Fort Myers Beach, this property is surrounded by the Island’s historic public landmarks, including the public library, Town Hall, and the Matanzas Pass Preserve. Positioned on the Gulf side, the site benefits from close proximity to prominent hospitality destinations such as the newly reopened DiamondHead Beach Resort and the former Estero Island Beach Club. Known as the “Heart of the Island,” this vibrant area attracts both residents and visitors, offering a blend of neighborhood charm and convenient pedestrian and cyclist access to Times Square. *CALL FOR OFFERS