1120 Main St Fort Myers Beach, FL 33931
This exceptional 1.48-acre industrial property, located at 1120, 1122 & 1138 Main St, Fort Myers Beach, FL 33931, presents a unique investment opportunity. Currently operating as a fully functioning marina, this site boasts unlimited slip development rights, eliminating significant hurdles in expansion. The asking price is $7,175,000. All necessary permits and entitlements are handled through Lee County, streamlining the development process. The property's history includes office, living, warehouse, and retail spaces in addition to the marina. Existing submerged land leases are in place, ensuring a solid foundation for future development. Importantly, this property is classified as "Preferred" under Section 8.4 of the Manatee Protection Plan (MPP), allowing for the construction of an unrestricted number of slips while maintaining full compliance. This translates to significant potential for increased revenue and return on investment. The property includes a recently constructed dock and slips, generating immediate income. This prime waterfront location offers unparalleled potential for redevelopment and expansion, making it an attractive proposition for discerning investors seeking a high-return, low-risk venture in a thriving Florida market. The property is zoned IL.
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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
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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.