760 San Carlos Dr Fort Myers Beach, FL 33931-2271
This exceptional investment opportunity presents nearly one acre of cleared and leveled commercial land in Fort Myers Beach, Florida. Located on San Carlos Island at the foot of the Matanza Pass Bridge, this 0.99-acre parcel boasts high visibility from San Carlos Boulevard, a major artery connecting Lee County to Fort Myers Beach. Previously occupied by a mobile home park, the site is currently under a one-year lease agreement with a Florida Department of Transportation contractor, generating a consistent income stream while ensuring site maintenance. The C-1 zoning allows for diverse development options, including commercial ventures, hotel/resort projects, or multi-family residential uses. With approximately 190 feet of frontage on San Carlos Drive and 170 feet on Fisherman's Wharf, and two access roads, this property offers unparalleled access and exposure. Its proximity to the San Carlos Bay waterfront and a luxury yacht service center further enhances its appeal. The site is within walking distance of Fort Myers Beach and provides easy access to Sanibel Island, Captiva Island, and mainland Fort Myers. Future land use designations permit residential densities up to 15 units per acre with bonus density approvals. This presents a unique chance to participate in the revitalization of Southwest Florida's barrier islands, capitalizing on the region's burgeoning tourism sector. The asking price is $3,250,000. An adjacent 1.29-acre parcel with C-1 zoning is also available. The property's APN is 24-46-23-01-00007.0090.
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
C-1 · Fort Myers Beach, FLFort Myers Beach. Always verify with local authorities before improvements.
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.