High-Visibility Restaurant on US
For Sale
$950,000
1130 North Tamiami Trail North Fort, North Fort Myers, FL 33903
Freestanding restaurant with drive-thru and liquor license on US 41.
Property Size3,460 SF
Lot Size0.81 Acres
Price / SF$274.57
Days on Market173
Property Features for 1130 North Tamiami Trail North Fort
General Information
Standard status
Active
Size
3,460 SF
Total Parking Spaces
54
Lot size
0.81 Acres
Property subtype
Business Opportunities
Zoning
C-2
Building Details
Building Size
3,460 SF
Year Built
1976
Listing Agency:
RE/MAX
Listed By:
Margeaux McCarthy · License #SL3352338
(401) 688-0822
Source:
Remaxcommercial
Added: Apr 24
Changed: Oct 9
Last Checked: Oct 12 at 4:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
Investment Insights
Based on property information with market context.
The property at 1130 N Tamiami Trail is a freestanding restaurant situated on US 41 in North Fort Myers. The building has 3,460 square feet of air-conditioned space and sits on 0.81 acres. The restaurant includes a dining room with seating for 157 guests, an existing drive-thru, and a 4COP liquor license. The site benefits from two curb cuts on US 41 for ingress and egress, as well as rear access to Pondella Road. The location sees approximately 59,000 vehicles per day. Zoned C-2 with a Future Land Use of Intensive Development, the property is suitable for a variety of commercial uses and has redevelopment potential. The property has a walk score of 35, indicating it is car-dependent, and a bike score of 33, indicating it is somewhat bikeable. This property is ideal for a restaurant, retail, or service-based operation.
Key Highlights
- High visibility location directly on US 41 with nearly 59,000 vehicles/day.
- Existing drive‑thru and 4COP liquor license included.
- Seating capacity for 157 guests in a fully built‑out dining room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,931
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,620
$1.1M
Cap Rate 7%
$784,729
$784.7K
Cap Rate 9%
$610,344
$610.3K
Market Conditions
NOI Build-Up for 3,460 SF
Gross rent
$74.7K $21.60/SF
− Vacancy
−$1.5K −$0.43/SF
EGI
$73.2K $21.17/SF
− OpEx
−$18.3K −$5.29/SF
NOI
$54.9K $15.88/SF
Area
Lee County, FL
Vacancy
2.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,620
Cap Rate 7%
$784,729
Cap Rate 9%
$610,344
Alternative Uses
Best Use
Specialty Retail
$784.7K
$686.6K – $915.5K
NOI $54,931 @ 7.0% cap · market cap 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$952.9K – $1.27M
NOI $76,231 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 33903, FL
23,294
Population
15,400
Households
1.5
Avg Household Size
61
Median Age
24%
College-Educated
89%
High-School Grad
11.3 sq mi
ZIP Area
2,061
Density / Sq Mi
$56,317
Median Household Income
$32,452
Median Earnings
$1,152
Median Rent
$135,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with drive-thru and liquor license on US 41.
Where is this drive through restaurant located?
The property is located at 1130 North Tamiami Trail North Fort North Fort Myers, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High visibility location directly on US 41 with nearly 59,000 vehicles/day.; Existing drive‑thru and 4COP liquor license included.; Seating capacity for 157 guests in a fully built‑out dining room.
