Contacts

Gary Tasman

Cushman & Wakefield | Commercial Property SW FL

CEO & Principal Broker

Shawn Stoneburner

Cushman & Wakefield | Commercial Property SW FL

Property Details

Property Type Restaurant
Property Size 5,598 SF
Lot Size 3.28 Acre
Cap Rate % 7.75
NOI / YR $533,624.00
Additional Rent Contact for pricing
# of Floors 2
Property Tenancy Multi-Tenant
Year Built 2014
Year Renovated 2017
Date Updated Aug 30, 2024

Invest in a property that not only offers a beautiful waterfront setting but also promises strong income potential and a resilient structure. Seize this unique opportunity to own a prime commercial property in a highly sought-after location. Property only—no business operations included. Enjoy hassle-free ownership. Restaurant has been in business since December 1, 2017, with the current initial 10-year lease expiring November 30, 2027, with 3, 5-year renewal options available. Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place with a 6% rate up to 4 million and 6.5% on anything over. The on-site Bait Shack can generate a lucrative monthly income of $4,000 or more. The scheduled opening coincides with the reopening of the Punta Rossa boat ramp July of 2025.

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Highlights

Unparalleled views that create an inviting and scenic atmosphere driving visitors and locals to the property.
Profitability will be ramping up as the completion of hurricane recovery projects on Sanibel, the Causeways, and the Punta Rossa boat ramp.
Unparalleled views that create an inviting and scenic atmosphere driving visitors and locals to the property.
The location is a magnet for visitors en-route to and from Sanibel Island, ensuring a steady flow of potential customers.

Attachments

Harbour Point Dr 17501 - Sale (PDF) opens in new window

Getting around

17/100
Walk Score ®
55/100
Bike Score ®

Powered by Walk Score ®

City Fort Myers, FL
Neighborhood Punta Rassa
Zip Code 33908
Market Southwest Florida Coast

Points of Interest

Mobil

2.18 miles
Shell

2.55 miles
Chevron

3.35 miles
Sunoco

3.86 miles
Murphy Express

4.10 miles

Mantanzas Pass Fishing Pier

3.91 miles
Stella Maris

5.66 miles
Bimini Gardens

5.90 miles
Windsor Manor Condominium

5.98 miles
Pelican Point

5.99 miles
Victoria Arms Condominiums

6.00 miles
The Cape Belle

6.02 miles
Palm View Waters Condominium

6.04 miles
Parker House

6.06 miles
Victoria Grey

6.06 miles

Captiva Tower at Sanibel Harbour Marriott Beach Resort & Spa

0.14 miles
Sanibel Tower at Sanibel Harbour Marriott Beach Resort & Spa

0.31 miles
Residence Inn Fort Myers Sanibel

2.14 miles
Guest House at Shell Point

2.31 miles
La Quinta Inn & Suites Ft. Myers - Sanibel Gateway

2.51 miles
Vacation Villas

3.10 miles
Sanibel View Villas

3.14 miles
Captiva Villas

3.18 miles
Pink Shell Beach Resort & Marina

3.21 miles
White Sand Villas

3.22 miles

Sanibel Outlets

2.25 miles
Publix

2.26 miles
Walmart Supercenter

4.25 miles
Target

4.27 miles
Jerry's Market

4.33 miles
Big Lots

4.40 miles
Aldi

4.66 miles
Bailey's General Store

5.63 miles
Winn-Dixie

6.28 miles
Coast Guard Exchange

7.15 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.