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    1120 Main St Fort Myers Beach, FL 33931

    Sponsored
    For Sale
    $7,175,000

    Income-producing waterfront industrial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.48-acre industrial property, located at 1120, 1122 & 1138 Main St, Fort Myers Beach, FL 33931, presents a unique investment opportunity. Currently operating as a fully functioning marina, this site boasts unlimited slip development rights, eliminating significant hurdles in expansion. The asking price is $7,175,000. All necessary permits and entitlements are handled through Lee County, streamlining the development process. The property's history includes office, living, warehouse, and retail spaces in addition to the marina. Existing submerged land leases are in place, ensuring a solid foundation for future development. Importantly, this property is classified as "Preferred" under Section 8.4 of the Manatee Protection Plan (MPP), allowing for the construction of an unrestricted number of slips while maintaining full compliance. This translates to significant potential for increased revenue and return on investment. The property includes a recently constructed dock and slips, generating immediate income. This prime waterfront location offers unparalleled potential for redevelopment and expansion, making it an attractive proposition for discerning investors seeking a high-return, low-risk venture in a thriving Florida market. The property is zoned IL.

    Property Features for 1120 Main St

    General Information

    Property type
    Land
    Lot Size
    64,469 SF

    HighLights

    • 1.48‑acre industrial property at 1120, 1122 & 1138 Main St, Fort Myers Beach, FL 33931, asking $7,175,000.
    • Fully functioning marina with unlimited slip development rights.
    • All necessary permits and entitlements are in place through Lee County.
    • Existing submerged land leases ensure a solid foundation for future development.
    • Preferred classification under Section 8.4 of the Manatee Protection Plan (MPP), allowing unrestricted slip construction.
    • Includes a recently constructed dock and slips, generating immediate income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tiny Tiki Tours Tourist Attraction San Carlos Island ... Marina Reel-Ality Sportfishing Charters Fishing Charter Main Street Marina Marina Lacy McClary Studio ... Art Gallery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers Beach
    County
    Lee
    State
    Florida
    Longitude
    -81.9511336
    Latitude
    26.4611512

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    FAQs

    What type of property is this?
    Land - Income-producing waterfront industrial land.
    Where is this land located?
    The property is located at 1120 Main St Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $7,175,000.
    What are key features of this property?
    This property features: 1.48-acre industrial property at 1120, 1122 & 1138 Main St, Fort Myers Beach, FL 33931, asking $7,175,000.; Fully functioning marina with unlimited slip development rights.; All necessary permits and entitlements are in place through Lee County.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1120 Main St Fort Myers Beach, FL 33931
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