Corner Lot with Redevelopment
3194 Palm Beach Blvd Fort Myers, FL
For Sale
Contact for pricing
Approximately 1/3 acre corner lot ideal for redevelopment.
Property Size1,712 SF
Lot Size0.33 Acres
Price / SF$209.70
Days on Market480
Property Features for 3194 Palm Beach Blvd
General Information
- Standard status
- Active
- Size
- 1,712 SF
- Lot size
- 0.33 Acres
- Property subtype
- RETAIL
Listing Agency:
Lee & Associates | Fort Myers
(239) 233-5212
Listed By:
Jeff Forsythe
(239) 233-5212
Source:
Moodyscre
Added: Apr 3, 2025
Changed: Jul 6
Last Checked: May 20 at 8:20PM
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 Lee & Associates | Fort Myers
Investment Insights
Based on property information with market context.
This property, approximately 1/3 acre, features an existing building on a corner lot with direct access from Palm Beach Blvd (SR 80) and Marion St. SR 80 is a heavily trafficked commercial corridor and highway linking Fort Myers and the Downtown River District to I-75 and the East Coast of Florida. Currently occupied by an auto dealership, the property has been recently updated with a new roof top membrane and a newly sealed, striped parking lot. The 1712 square foot building's layout includes a spacious open floor plan/showroom, a large private office or conference room, backroom storage, and two restrooms. The property is ideal for redevelopment and, with multiple access points, would be well suited for a drive-through oriented business. The existing tenant is month-to-month, allowing for either an investment purchase or owner/occupancy. The price is for the real estate only; the existing business is not included.
Key Highlights
- 1/3 Acre corner lot with direct access from Palm Beach Blvd (SR 80) and Marion St.
- Heavily trafficked commercial corridor location (SR 80) linking Fort Myers to I‑75 and the East Coast.
- Ideal for redevelopment, especially a drive‑through oriented business, due to multiple access points.
Financial Insights For 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 | $33.1k | $19.32 |
| − Vacancy | −$992 | −$0.58 |
| EGI | $32.1k | $18.74 |
| − OpEx | −$9.6k | −$5.62 |
| NOI | $22.5k | $13.12 |
1,712 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$320.8K
$280.7K – $374.3K
NOI $22,458 @ 7.0% cap · market cap 6.26%
Second Best
Industrial
$223.3K
$195.4K – $260.5K
NOI $15,628 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$538.8K
$471.5K – $628.7K
NOI $37,719 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DLC MOTORS INC
Car Dealership
Choice Maintenance Group ...
Hardware & Home Improvement
Similar Off Market Nearby
- amable motors — 1605 Seaboard St, Fort Myers, FL 33916
- Seaboard Autos — 2900 Michigan Ave, Fort Myers, FL 33916
- One Stop Auto Shop — 2900 Michigan Ave, Fort Myers, FL 33916
- Affordable Towing and Transportation Corp — 3828 ballard rd, fort myers, fl 33916
- Ppg Collision Repair Center — Fort Myers, FL 33916
FAQs
What type of property is this?
Auto shop - Approximately 1/3 acre corner lot ideal for redevelopment.
Where is this auto shop located?
The property is located at 3194 Palm Beach Blvd Fort Myers, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 1/3 Acre corner lot with direct access from Palm Beach Blvd (SR 80) and Marion St.; Heavily trafficked commercial corridor location (SR 80) linking Fort Myers to I‑75 and the East Coast.; Ideal for redevelopment, especially a **drive‑through oriented business**, due to multiple access points.
