2717 Colonial Blvd - Hospitality FOR SALE


Fort Myers, FL 33907- Page Park
$7,700,000 USD
561-227-2676
2717 Colonial Blvd, Fort Myers, FL for Sale
$7,700,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

2717 Colonial Blvd
Fort Myers, FL 33907
Page Park


HIGHLIGHTS

  • The property is located at 2717 Colonial Blvd in Fort Myers, FL, within the growing Cape Coral–Fort Myers MSA.
  • The metro area has a population exceeding 760,000, with an annual growth rate of approximately 2.0%.
  • Positioned along Colonial Boulevard near Cleveland Avenue, the hotel offers excellent visibility and accessibility from two major thoroughfares.
  • The location provides strong signage opportunities and high exposure to daily commuter traffic.
  • The site is conveniently situated less than four miles west of Interstate-75, ensuring easy regional connectivity.
  • Its central location supports strong demand drivers for hospitality, making it ideal for owner-operators or value-add investors.

OVERVIEW

Cushman & Wakefield’s Hospitality Group is pleased to offer for sale the fee simple interest in the Super 8 by Wyndham Fort Myers, located at 2717 Colonial Blvd, Fort Myers, FL 33907, with an asking price of $7,700,000. The four-story, limited-service hotel sits on 1.73 acres and features 115 rentable rooms, along with two manager’s suites—one with 7 rooms and 7 doors (which can be converted into additional rentable rooms), and another with 3 rooms and 1 door—offering the potential to operate up to 123 total rooms. The property includes a new roof installed in 2019, is currently absentee operated, and presents an excellent opportunity for an owner-operator to enhance performance through hands-on management and marketing. Seller financing is available for qualified buyers, and there is additional upside through potential RevPAR growth, nominal liquidated damages (~$1,000/room), and possible multifamily conversion via Florida's Live Local Act. Strategically located near Colonial Boulevard and Cleveland Avenue, the asset benefits from strong visibility and accessibility in a growing market.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$148 USD /SF

# OF ROOMS

116

PRICE/ROOM

$66,379 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Fort Myers

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.73 AC

LAND SF

75,359 SF

ZONING

B-2

APN/PARCEL ID

36-44-24-P3-00900.0020

ASK ABOUT THIS PROPERTY

Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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Ely SilversteinCushman & WakefieldMore Info
561-227-2676

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