Conventional Restaurant with Indoor and Patio
For Sale
Contact for pricing
2260 Dr Martin Luther King Blvd, Fort Myers, FL 33901
Restaurant offering 120 seats with indoor and patio dining and lighted intersection access.
Property Size3,960 SF
Price / SF$441.92
Days on Market81
Property Features for 2260 Dr Martin Luther King Blvd
General Information
Standard status
Active
Size
3,960 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Listing Agency:
SVN - Commercial Partners | Miami
(239) 707-1700
Listed By:
Tiffany Luongo
Source:
Moodyscre
Added: May 12
Changed: Jul 30
Last Checked: Jul 31 at 11:12AM
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 conventional restaurant is offered with all FF&E included. The space is set up for foodservice with seating for 120 guests, including both indoor and patio dining areas.
The property is located at 2260 Dr Martin Luther King Blvd in Fort Myers, Florida 33901, with lighted intersection access for convenient arrival and visibility.
With 3,960 SF of space, the layout supports a split dining experience for customers who prefer indoor seating or outdoor patio dining.
The property is located at 2260 Dr Martin Luther King Blvd in Fort Myers, Florida 33901, with lighted intersection access for convenient arrival and visibility.
With 3,960 SF of space, the layout supports a split dining experience for customers who prefer indoor seating or outdoor patio dining.
Key Highlights
- Seats 120 total with indoor and patio dining
- Includes all FF&E
- Lighted intersection access
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
—
—
no second resolved use
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,173
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
14,943 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,247 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
3,241 visits/mo
0.1 miles
Marathon
Shops & Services
1,907 visits/mo
0.5 miles
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant offering 120 seats with indoor and patio dining and lighted intersection access.
Where is this conventional restaurant located?
The property is located at 2260 Dr Martin Luther King 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: Seats 120 total with indoor and patio dining; Includes all FF&E; Lighted intersection access
