Remarks

Rare real estate opportunity with great potential for development! The property has an architecturally unique building and ample land space offering a wide range of possibilities for development. Currently zoned for commercial/retail/restaurant. The property's location with 635 feet of frontage on San Carlos Blvd., on the way to Fort Myers Beach, is a prime spot for tourism-related developments. The proximity to a popular tourist destination, including Margaritaville, can be a significant advantage for attracting visitors. The existing 14,000 square-foot building with open air center space, restaurants, and kitchens could be repurposed to fit the desired development plan. This can save time and resources compared to building from scratch.

Development Potential: The zoning allows for 21 units with the potential for more through further study and permitting offers flexibility in the type and scale of development that can be undertaken on the property. The option to develop an all-inclusive resort, hotels, condos, shopping plaza, or rental units provides a variety of possibilities to explore. The availability of an additional 2.3 acres of adjoining property presents an opportunity to expand the development project further at an additional expense. This can allow for a more comprehensive and cohesive density development plan.

Details

MLS#: 224048317
Price: $6,900,000

Style: Retail
Year Built: 2006

County: Lee
Tax Fee: 30914.4300000000003