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Corner Lot with Redevelopment Potential

3194 Palm Beach Blvd, Fort Myers, FL

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For Sale

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Approximately 1/3 acre corner lot ideal for redevelopment.

Type:RETAIL

Property size:

1,712 SF

Lot size:

0.33 Acres

Price / SF:

$209/SF

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.
Recently updated with a new roof top membrane and newly sealed/striped parking lot.
Spacious open floor plan/showroom, large private office/conference room, backroom storage, and two restrooms.
Seller financing available to qualified buyers.

We can help!

Listing Contact

Jeff Forsythe

For Sale

Contact for pricing

Approximately 1/3 acre corner lot ideal for redevelopment.

Type:RETAIL

Property size:

1,712 SF

Lot size:

0.33 Acres

Price / SF:

$209/SF

Added:: Apr 3, 2025
Days on Market:: 434
Last Refresh:: May 20 at 8:20 pm

Property Features for 3194 Palm Beach Blvd

General Information

Standard status: Active
Size: 1,712 SF
Lot size: 0.33 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Jeff Forsythe

Listing agent Jeff Forsythe

Listing office Lee & Associates | Fort Myers

Listing date Apr 3, 2025

Source Moodyscre

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

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.
Recently updated with a new roof top membrane and newly sealed/striped parking lot.
Spacious open floor plan/showroom, large private office/conference room, backroom storage, and two restrooms.
Seller financing available to qualified buyers.

Overview

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.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $22,458 @ 7.0% cap · market cap 6.26%

Second Best

Industrial

$223.3K

$195.4K – $260.5K (±1% cap)

NOI $15,628 @ 7.0% cap · market cap 4.35%

Theoretical Best

Office A

$538.8K

$471.5K – $628.7K (±1% cap)

NOI $37,719 @ 7.0% cap · market cap 10.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

DLC MOTORS INC Car Dealership Choice Maintenance Group ... Hardware & Home Improvement

Suggested Use

Similar Places Nearby

Sivan Auto — 1916 Evans Ave, Fort Myers, FL 33901
J's Mobile Mechanics — 1375 Jackson St, Fort Myers, FL 33901
Lorenzo Tires & Repair Services Inc — 1946 Veronica S Shoemaker Blvd, Fort Myers, FL 33916
Prim Peddler — 1615 Hendry St, Fort Myers, FL 33901
Majestic Auto Repair and More — 2531 Fowler St unit B, Fort Myers, FL 33901

Location Insight

Map
Local Demand

City: Fort Myers
County: Lee
State: Florida
Longitude: -81.849
Latitude: 26.6557

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For sale
Auto shops
FL
Fort Myers
3194 Palm Beach Blvd

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.

3194 Palm Beach Blvd, Fort Myers, FL

Approximately 1/3 acre corner lot ideal for redevelopment.

Property Features for 3194 Palm Beach Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Renovated Commercial Building on Fowler

Commercial Building on San Carlos Boulevard

Office/Medical Units in South Fort Myers

Fort Myers Commercial Office Building

San Carlos Blvd Office Building

Commercial Property in Fort Myers

Medical Office Building For Sale

Modern Retail Units in Fort Myers

Leased Retail Center in Fort Myers

New Retail Units in Fort Myers

Fort Myers Professional Space

New Retail Units in Fort Myers

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