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Property profile & analytics
OFF-MARKET Estimated value $5,210,000
Turn key restaurants

702 Fishermans Wharf Fort Myers Beach, FL 33931-2204

1,159 SF 0.17 ac lot Built 1932
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-4151961
Property summary
AI-generated overview

This exceptional investment opportunity encompasses four contiguous properties totaling 11,683 square feet on Fort Myers Beach's coveted Fishermans Wharf in Lee County, Florida (zip code 33931). The complex includes three buildings constructed in 1932 and 1980, situated on a 0.63-acre lot with IM zoning. The main attraction is the established Bonita Bills Restaurant, featuring 1,415 square feet of indoor space complemented by a substantial 3,185-square-foot covered outdoor patio. A separate event space building offers 2,426 square feet of indoor area and an additional 1,197 square feet of covered outdoor space, perfect for hosting various functions. A third multi-use building provides 7,842 square feet of versatile space. The property boasts a prime waterfront location with 53 boat slips supported by a State of Florida-approved submerged land lease, ensuring consistent income streams. Dedicated parking is available, catering to both patrons and staff. This turnkey operation presents a unique chance to acquire a thriving restaurant and event venue with significant expansion potential, benefiting from its established reputation, strong local and tourist clientele, and convenient east boat access. The asking price is $6,900,000, translating to $590.60 per square foot. This is a rare opportunity to own a piece of Fort Myers Beach history.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1932
Construction FRAME
Total area 1,159 SF
Lot 0.17 ac (7,209 SF)
Zoning code IM
APN 24-46-23-10-00009.0000
UPID US18-4151961
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bonita Bill's Bar & Fish House Restaurant
  • Semmer Dock's Marina
  • Bonita Bills Waterfront Cafe Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.76M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.21M
Owner & transaction history
Bf Ft Myers Beach LLC · 1 yrs held
Bf Ft Myers Beach LLC
since 2025
Last sale
$5.5M
1 recorded transaction
2025
$5.5M
Zoning & alternative use
IM · Fort Myers Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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