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Restaurant/Bar/Market/Residential Dev. 17650 San Carlos Blvd
14,500 SF Retail Building Fort Myers, FL 33931 £5,874,750 (£405/SF) 5.10% Net Initial Yield
Investment Highlights
- price reduction of $250,000 on the property 635 feet frontage on busy San Carlos Blvd. on the way to the beach
Executive Summary
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
Good morning just letting you know of a price reduction of $250,000 on the property 17650 San Carlos Blvd. and as you might not know the property next door south 2.0 acres is available reduced to $1,750,000 and to property to the north is also available 2.3 Acres for $1,000,000 wit approved 122 Parking Spaces for a total of 7.8 Acres will with a Special variance to allow for more units possibly up to a hundred and allow cash flow on the existing building with two Restaurants and a market while under Development Please fill free to call me direct at Michael Froncek my Cell 239-822-7006development 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 + 1.9 acres of adjoining parcels 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 a price reduction of $250,000 on the property 17650 San Carlos Blvd. and as you might not know the property next door south 2.0 acres is available reduced to $1,750,000 and to property to the north is also available 2.3 Acres for $1,000,000 wit approved 122 Parking Spaces for a total of 7.8 Acres will with a Special variance to allow for more units possibly up to a hundred and allow cash flow on the existing building with two Restaurants and a market while under Development Please fill free to call me direct at Michael Froncek my Cell 239-822-7006
Property Facts
Amenities
- Bus Route
- Pylon Sign
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Liki Tiki
- Accommodation and Food Services
- -
- -
- Negotiable
- Jun 2024
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Liki Tiki | Accommodation and Food Services | - | - | Negotiable | Jun 2024 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
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.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 14,500 SF | Retail | - | Now |
1st Floor
| Size |
| 14,500 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 14,500 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
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.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07-46-24-00-00013.1030 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,896,878 |
PROPERTY TAXES
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Restaurant/Bar/Market/Residential Dev. | 17650 San Carlos Blvd
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