|Gross Leasable Area (GLA)||49,416 Sq.Ft.|
|Price Per Square Foot (GLA)||$106|
|Lot Size||2.60 Acres|
Marcus & Millichap is pleased to offer for sale this redevelopment opportunity in Fort Myers Beach, FL, an affluent tourist destination.
The subject property is 2.64 acres zoned C-1 (Downtown Zoning) with approximately 260 feet of frontage on Estero Boulevard. Although there is an existing shopping center on the property and positive cash flow in place, this is an ideal redevelopment opportunity in an irreplaceable tourist destination.
This site is one of the largest parcels on all of Fort Myers Beach. In addition, it sits less than 1,500 feet from the proposed Grand Resorts 300-unit Hotel and is at the heart of the Fort Myers Beach Downtown District. The subject property sits directly across the street from Hooters of Fort Myers Beach, a short walk to over 40 lodging options along the beach that include everything from rustic cottages to the Wyndham Garden of Fort Myers Beach.
Lee County hosted 4.9 million visitors in 2015 with 91 percent of them visiting the beaches of Ft. Myers and Sanibel. Between the vacationing tourists and the high net-worth residents, total expenditures were just under $3 billion last year. This is an opportunity for an investor to secure a large parcel in an irreplaceable location.
First Vice President Investments