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760 San Carlos Dr - San Carlos Island Commercial

0.99 Acres of Commercial Land Offered at $3,250,000 in Fort Myers Beach, FL 33931

Investment Highlights

  • Rare opportunity to acquire nearly 1 acre of highly visible commercial land at the entrance to Estero Island (Fort Myers Beach).
  • 2 access roads with 190'± of frontage on San Carlos Drive and 170'± of frontage on Fisherman's Wharf.
  • Current short-term lease offers an opportunity to offset entitlement and holding costs.
  • The future land use designation allows for residential densities of 10 units /acre, with a maximum of 15 units /acre with bonus density approvals.
  • Within walking distance to Fort Myers Beach with convenient access to Sanibel Island, Captiva, and mainland Fort Myers.
  • Unique opportunity to be a part of the redevelopment of Southwest Florida's barrier islands.

Executive Summary

EXECUTIVE SUMMARY:
LSI Companies is pleased to present a unique opportunity to acquire nearly 1 acre of prime commercial land within steps of Downtown Fort Myers Beach. The property is situated on San Carlos Island at the foot of the Matanza Pass Bridge. The site features direct visibility from San Carlos Boulevard, the primary arterial roadway connecting greater Lee County to Fort Myers Beach.
Formerly home to Bon Air Mobile Home Park, an age-restricted mobile / manufactured home community consisting of 23 separate rental lots. The property has since been cleared and leveled and is in the process of being raked, filled, and rough-graded. The sellers recently secured a 1-year lease agreement with a prominent FDOT contractor designating a portion of the property as a staging area. This arrangement not only generates a steady monthly income stream, but also guarantees the site will be well-maintained prior to redevelopment.
As Southwest Florida's barrier islands re-emerge as a major tourist destination in the wake of Hurricane Ian, this high-visibility site offers a rare opportunity to capitalize on the region's growing tourism sector and the influx of visitors drawn to its shores. The current zoning and surrounding redevelopment make this site ideal for a variety of commercial developments, hotel / resort-style projects, or multi-family residential uses.

Property Facts

Price $3,250,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Hotel
Total Lot Size 0.99 AC

1 Lot Available

Lot

Price $3,250,000
Price Per AC $3,282,828
Lot Size 0.99 AC

Bon Air MHP - Commercial Development Opportunity

zoning

Zoning Code C-1
C-1
  • Listing ID: 31649582

  • Date on Market: 4/30/2024

  • Last Updated:

  • Address: 760 San Carlos Dr, Fort Myers Beach, FL 33931

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