Restaurant with On-Site
The Oasis 2260 Dr. Martin Luther King Jr. Blvd. Fort Myers, FL 33901
For Sale
$1,750,000
3960 SF restaurant with on-site parking and FF&E.
Property Size3,960 SF
Price / SF$441.92
Days on Market245
Property Features for The Oasis 2260 Dr. Martin Luther King Jr. Blvd.
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing Agency:
SVN - Commercial Partners | Miami
(239) 707-1700
Listed By:
Tiffany Luongo
(239) 707-1700
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 24 at 6:01AM
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 SVN - Commercial Partners | Miami
Investment Insights
Based on property information with market context.
This 3960 square foot building includes on-site parking. The site directly fronts State Road 82, Hendry Street to the west, and Jackson Street to the east. The property includes all furniture, fixtures, and equipment. It benefits from lighted intersection access and offers seating for 120, both indoor and on the patio. A traffic count on State Road 82 between Fowler and Evans was recorded at 40,253 in 2015. The building was completely gutted and renovated in 2002. The property is suitable for restaurants, retail, conventional restaurants, parking lots and garages, and automotive businesses.
Key Highlights
- 3,960 sq ft building with rare on‑site parking.
- Includes all FF&E (Furniture, Fixtures, and Equipment).
- High traffic location directly fronting SR 82 with 40,253 vehicles.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $21.60 |
| − Vacancy | −$1.7k | −$0.43 |
| EGI | $83.8k | $21.17 |
| − OpEx | −$21.0k | −$5.29 |
| NOI | $62.9k | $15.88 |
3,960 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$898.1K
$785.9K – $1.05M
NOI $62,869 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$742.1K
$649.4K – $865.8K
NOI $51,948 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,247 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Restaurant - 3960 SF restaurant with on-site parking and FF&E.
Where is this restaurant located?
The property is located at The Oasis 2260 Dr. Martin Luther King Jr. Blvd. Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,960 sq ft building with rare on‑site parking.; Includes all FF&E (Furniture, Fixtures, and Equipment).; High traffic location directly fronting SR 82 with 40,253 vehicles.
