Sound Pine Island Dr Spring Hill, FL 34604
This exceptional 91.98-acre commercial property in Lee County, Florida, presents a unique investment opportunity. Situated in Bokeelia, near Pine Island Sound, this mostly submerged land parcel features extensive oyster bars and some mangrove uplands. Its strategic location just northeast of Useppa Island and east of Mondongo Island offers significant potential. The property's primary characteristic is its substantial acreage, ideal for various commercial ventures. The substantial size, coupled with its waterfront access to Pine Island Sound, makes it suitable for a range of development possibilities. The existing mangrove uplands and oyster bars contribute to the ecological value of the land. Further investigation into the potential for mangrove credits is recommended, as this could significantly enhance the property's overall value and appeal. The asking price for this expansive commercial land is $275,000. The property is located in the 34604 zip code, within Spring Hill, Florida. Detailed surveys and environmental assessments are recommended to fully understand the development potential and any associated regulations. This is a rare opportunity to acquire a large-scale waterfront property in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.