17501 Harbour Pointe Dr Fort Myers, FL 33908
- Retail properties
- 5,598 SF
- 3.28 lot acres
Current Use by Public Records
- Retail properties
Property Details for 17501 Harbour Pointe Dr
- Year built
- 2014
- Lot size
- 3.28 lot acres
- Property size
- 5,598 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 5,598 square foot retail property located at 17501 Harbour Point Dr, Fort Myers, FL 33908, in Lee County. The property, built in 2014 and renovated in 2017, consists of two buildings with two stories each, situated on a 3.28-acre lot. Currently operating at 100% occupancy with two tenants under a net lease agreement, the property boasts a strong NOI of $533,624 and a 7.75% cap rate. The asking price is $6,885,471, translating to $1,229.99 per square foot. The current lease, initiated December 1, 2017, has a remaining term of three years, with three and five-year renewal options. The property is zoned CT and features amenities such as an elevator, hurricane shutters, and ample parking. The property benefits from its waterfront location, attracting both local and tourist traffic, particularly given its proximity to Sanibel Island and the Punta Rossa boat ramp (scheduled to reopen July 2025). The lease includes a percentage-based rent structure, with a 6% rate up to $4 million in revenue and 6.5% on revenue exceeding that amount. One tenant, Bimini Bait Shack, generates a monthly income exceeding $4,000. This property offers a compelling combination of strong current income, significant future growth potential tied to ongoing area redevelopment, and a desirable waterfront location. The sale includes the property only
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -82.0086
- Latitude
- 26.4856
