1010 Estero Blvd Fort Myers Beach, FL 33931
- Commercial land
- 2,189 SF
- 0.20 lot acres
Current Use by Public Records
- Baci Jans Wedding Spot / Wedding Venue
- Rebel Water Sports / Water Sports Equipment Rental Service
- 3 Escargots / Art Gallery
Property Details for 1010 Estero Blvd
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.20 lot acres
- Property size
- 2,189 SF
- Zone code
- DOWNTOWN
- Property type
- Commercial land
- APN
- 24-46-23-W3-00018.0000
- APU
- 244623W3000180000
Description
This exceptional 0.1-acre commercial land parcel is situated in the heart of Fort Myers Beach's Times Square, directly on the Gulf of Mexico. The previous building was destroyed by Hurricane Ian, presenting a unique opportunity for redevelopment within this thriving tourist destination. This location offers unparalleled visibility and accessibility, ideal for a variety of commercial ventures such as restaurants, bars, or beach shops. Its proximity to the under-construction, $150 million Margaritaville Resort (scheduled to open late 2023), the public pier, and county parking with beach access ensures high foot traffic and strong potential for success. Fort Myers Beach city zoning has recently been updated (05-17-2023). Contact the Fort Myers Beach senior planner for detailed information on permitted building plans. The adjacent lot at 1021 Estero Blvd is also available for purchase, allowing for the development of a larger-scale project. This is a chance to be part of the revitalization of Fort Myers Beach, a long-time favorite for both locals and tourists. The property is located at 1010 Estero Blvd, Fort Myers Beach, FL 33931. Asking price is $9,900,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $450,000
- 6.5%
- $415,000
- 7%
- $385,000
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Location Insight
- Map
- Local Demand
- City
- Fort Myers Beach
- County
- Lee
- State
- Florida
- Longitude
- -81.956
- Latitude
- 26.4527
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA