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    17650 San Carlos Blvd Fort Myers Beach, FL 33931

    For Sale
    $6,900,000

    Prime 3.5-acre restaurant/retail site

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,000 sq ft, two-story Class A retail property in Fort Myers Beach, FL, presents a unique redevelopment opportunity. Located on 3.5-3.75 acres with 635 feet of frontage on San Carlos Blvd, this vacant property boasts a prime location near Margaritaville, ideal for tourism-related ventures. The existing building, constructed in 2006 and renovated in 2019, features open-air spaces, restaurants, and kitchens, offering potential for repurposing. Currently zoned C-2, it allows for 21 units, with potential for more, enabling diverse development options, including resorts, hotels, condos, or shopping plazas. The $6,900,000 asking price represents a 10% cap rate. A ground lease is in place, and the property is available at closing. Additional adjacent parcels totaling 4.2 acres are available for purchase separately, allowing for expansion. The property was previously leased under a gross lease agreement, commencing June 3, 2019, and expiring June 30, 2024, with a tenant possessing a corporate guarantee and franchisee status. The lease options were $20 per square foot. This is a rare chance to acquire a significant development site in a high-demand tourist area.

    Property Features for 17650 San Carlos Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    15,000 SF
    Class
    A
    Lot Size
    152,460 SF

    Building Details

    Year Built/Renovated
    2006/2019
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Commercial/retail/restaurant zoning.
    • 635 feet of San Carlos Blvd frontage near Fort Myers Beach, ideal for tourism‑related development.
    • Excellent location near Margaritaville, attracting significant tourist traffic.
    • Existing 14,000 sq ft building with adaptable open‑air space, restaurants, and kitchens, minimizing new construction costs.
    • Zoning allows for at least 21 units, with potential for more; flexible development options.
    • Development potential includes resort, hotel, condo, shopping plaza, or rental units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Liki Tiki BBQ Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -81.9446312
    Latitude
    26.4846263

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    FAQs

    What type of property is this?
    Restaurant - Prime 3.5-acre restaurant/retail site
    Where is this restaurant located?
    The property is located at 17650 San Carlos Blvd Fort Myers Beach, FL.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: Commercial/retail/restaurant zoning.; 635 feet of San Carlos Blvd frontage near Fort Myers Beach, ideal for tourism-related development.; Excellent location near Margaritaville, attracting significant tourist traffic.
    Request Owner's contact information
    17650 San Carlos Blvd Fort Myers Beach, FL 33931
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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
    17650 San Carlos Blvd Fort Myers Beach, FL 33931
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