Hospitality Redevelopment
For Sale
$4,999,999
17650 San Carlos Boulevard, Fort Myers Beach, FL 33931
COMMERCIAL - Fort Myers Beach, FL
Property Size14,000 SF
Lot Size3.51 Acres
Price / SF$357.14
Days on Market46
Property Features for 17650 San Carlos Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Directions
GPS
Subdivision
FM12 - Fort Myers Area
Standard status
Active
APN
07-46-24-00-00013.1030
Lot size
3.51 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARL IN E 1/2 OF SW 1/4 DESC IN OR 3223 PG 4138 LES R/W OR 2596 PG1176
Tax Annual Amount
41733
Legal Description
PARL IN E 1/2 OF SW 1/4 DESC IN OR 3223 PG 4138 LES R/W OR 2596 PG1176
Building Details
Year built
2006
Floors in Building
1
Listing Agency:
ERA Right Choice Realty · ERA Real Estate
(239) 333-2378
Listed By:
Mark Vancosky · License #258023771
(570) 687-3271
Added: Jun 18
Changed: Jul 23
Last Checked: Aug 2 at 11:06PM
MLS# 2026026808
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This hospitality redevelopment property includes an architecturally unique 14,000-square-foot building with an open-air center space, plus existing restaurant and kitchen areas. The offering also includes ample land space, supporting a range of redevelopment approaches consistent with the current commercial/retail/restaurant zoning.
The site has 635 feet of frontage on San Carlos Blvd., on the way to Fort Myers Beach. Zoning allows for 21 units, with potential for more through further study and permitting, giving flexibility to the final project scope. An additional 2.3 acres of adjoining property is available to expand the development footprint (at additional expense). Owner financing is available to qualified buyers.
For prospective developers, the property’s existing building configuration may offer a head start compared to starting from scratch, while the land area and unit capacity support planning for a larger hospitality- and mixed-use-style redevelopment program, subject to approvals.
The site has 635 feet of frontage on San Carlos Blvd., on the way to Fort Myers Beach. Zoning allows for 21 units, with potential for more through further study and permitting, giving flexibility to the final project scope. An additional 2.3 acres of adjoining property is available to expand the development footprint (at additional expense). Owner financing is available to qualified buyers.
For prospective developers, the property’s existing building configuration may offer a head start compared to starting from scratch, while the land area and unit capacity support planning for a larger hospitality- and mixed-use-style redevelopment program, subject to approvals.
Key Highlights
- 14,000 SF building (built in 2006) with open‑air center space, restaurant areas, and kitchens
- 635 ft frontage on San Carlos Blvd., on the way to Fort Myers Beach
- Currently zoned for commercial/retail/restaurant
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 | $302.4k | $21.60 |
| − Vacancy | −$6.0k | −$0.43 |
| EGI | $296.4k | $21.17 |
| − OpEx | −$74.1k | −$5.29 |
| NOI | $222.3k | $15.88 |
14,000 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.18M
$2.78M – $3.70M
NOI $222,264 @ 7.0% cap · market cap 4.45%
Second Best
Hotel Hospitality
$1.17M
$1.02M – $1.36M
NOI $81,795 @ 7.0% cap · market cap 1.64%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,448 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Redevelopment site with a 14,000-square-foot building, open-air center space, and commercial/retail/restaurant zoning.
Where is this conventional restaurant located?
The property is located at 17650 San Carlos Boulevard Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: 14,000 SF building (built in 2006) with open‑air center space, restaurant areas, and kitchens; 635 ft frontage on San Carlos Blvd., on the way to Fort Myers Beach; Currently zoned for commercial/retail/restaurant
