1005 Estero Blvd Fort Myers Beach, FL 33931-2623
This exceptional 1,881 square foot commercial land parcel presents a remarkable redevelopment opportunity in the vibrant Times Square district of Fort Myers Beach, Florida. Located at 1005 Estero Blvd, this property boasts breathtaking views of the Gulf of Mexico and enjoys a prime location steps from the Margaritaville Resort. The site is zoned for Downtown use, with future land entitlements already in place, allowing for a diverse range of development options including hospitality, retail, dining, and residential uses. Its convenient proximity to the beach and high pedestrian traffic ensures strong potential for a thriving business. The property's location near public parking and the heart of downtown Fort Myers Beach further enhances its appeal for a mixed-use development. With its strategic location and versatile zoning, this 1,881 sq ft lot (APN 24-46-23-W3-00007.0000) in Lee County (zip code 33931) offers significant long-term growth potential and represents a unique investment opportunity in a rapidly evolving coastal destination. The asking price is $2,400,000. This is an unparalleled chance to be part of the exciting revitalization of Fort Myers Beach.
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Yo! Taco Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
DOWNTOWN · Fort Myers Beach, FLCosts & 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.