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OFF-MARKET
Specialty properties

2330-2370 Estero Blvd Fort Myers Beach, FL 33931

0.12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.115-acre commercial land parcel, located at 2330-2370 Estero Boulevard in Fort Myers Beach, Florida (zip code 33931), presents a unique investment opportunity. Situated on a gulf-side corner lot with 171 feet of frontage on Estero Boulevard, this property is adjacent to the Neptune Resort and conveniently located near the Mango Street beach access. The parcel comprises two lots, each with a separate tax ID, and currently zoned CB and C-1. Prior to Hurricane Ian, the site featured two buildings: a three-story structure with four apartments and a small efficiency, and a second building with three commercial units on the ground floor and three apartments above. Currently cleared, the land is ready for new construction, allowing for a fresh vision and development. An adjoining cleared lot (50x150 feet, MLS 222089212, also zoned C-1) is available for purchase, offering the potential to expand the development significantly and create a substantial beachfront presence just 150 feet from the sand. This property offers a remarkable chance to be part of the revitalization of Fort Myers Beach, a location poised for significant growth alongside new developments such as the expanded Neptune Resort, a planned Times Square, and the Margaritaville Resort. The property's prime location and proximity to the beach ensure high visibility and potential for strong returns. The asking price for this exceptional opportunity is $2,500,000.

Property profile
Verified
Property type Specialty properties
Lot 0.12 ac (5,009 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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