Concrete Block Distribution
870 Buttonwood Drive Fort Myers Beach, FL 33931
For Sale
$1,435,000
COMMERCIAL - Other - Fort Myers Beach, FL
Property Size7,000 SF
Lot Size1.16 Acres
Price / SF$205
Days on Market1176
Property Features for 870 Buttonwood Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 19-46-24-00-00003.0030
- Lot size
- 1.16 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- FR 907.55 FT SELY ON C/L OF MAIN ST FROM INTERSCTN SAN CARLOS BLVD RUN N
- Tax Annual Amount
- 7102
Building Details
- Year built
- 1979
- Floors in Building
- 2
- Architectural style
- Other
Listing Agency:
Florida's Realty LLC
(866) 511-6639
Listed By:
Holly Olson · License #258019518
(239) 823-0143
Added: May 8, 2023
Changed: Jul 16
Last Checked: Jul 26 at 10:06AM
MLS# 223036603
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.
The property includes a concrete block building sized at over 7,000 square feet and is situated on a 1.16-acre site. It is listed as zoned C-2 and consists of three lots with multiple zoning classifications, with Lee County able to confirm fit for intended use. The site is described as having served as the home of The Sanibel Seafood Company since 1982.
The location is noted as less than a half-mile to the Fort Myers Beach bridge, and it is positioned on San Carlos Island for convenient access to Fort Myers. The listing also references proximity to the Margaritaville Resort and The New Beached Whale on Fort Myers Beach.
Interested parties should review the property’s zoning classifications across the three lots directly with Lee County to confirm permitted uses. The seller indicates they would consider a land contract for the purchase.
The location is noted as less than a half-mile to the Fort Myers Beach bridge, and it is positioned on San Carlos Island for convenient access to Fort Myers. The listing also references proximity to the Margaritaville Resort and The New Beached Whale on Fort Myers Beach.
Interested parties should review the property’s zoning classifications across the three lots directly with Lee County to confirm permitted uses. The seller indicates they would consider a land contract for the purchase.
Key Highlights
- Prime location: Less than half a mile to Fort Myers Beach bridge, offering convenient beach and land access.
- Sizeable C‑2 Zoned Land: Featuring 1.160 acres with over 7000 sq' concrete block building.
- High‑Growth Area: Located less than a mile from the new Margaritaville Resort and the new Beached Whale on Fort Myers Beach.
Financial Insights For Warehouse
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 | $88.2k | $12.60 |
| − Vacancy | −$4.2k | −$0.60 |
| EGI | $84.0k | $12.00 |
| − OpEx | −$12.6k | −$1.80 |
| NOI | $71.4k | $10.20 |
7,000 SF · lease $12.60/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.02M
$892.1K – $1.19M
NOI $71,371 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$912.9K
$798.8K – $1.07M
NOI $63,901 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,224 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sanibel Seafood
Take-out & Catering
FAQs
What type of property is this?
Distribution center - Concrete-block facility on C-2 zoned multi-lot site near the Ft Myers Beach bridge.
Where is this distribution center located?
The property is located at 870 Buttonwood Drive Fort Myers Beach, FL.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: Prime location: Less than half a mile to Fort Myers Beach bridge, offering convenient beach and land access.; Sizeable C‑2 Zoned Land: Featuring 1.160 acres with over 7000 sq' concrete block building.; High‑Growth Area: Located less than a mile from the new Margaritaville Resort and the new Beached Whale on Fort Myers Beach.
