Retail Business for Sale in Fort Myers, FL

  • Price: $5.9M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Fort Myers, FL 33908

Description

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 Q3 of 2025. *9.04% CAP based off Pro-Forma

Market Context

This retail in Fort Myers, FL is listed for sale at $5,900,000. It has been on the market for 144 days. Compare it against other retail listings for sale in Fort Myers, FL — <a href="/search/sale/retail/florida/fort-myers">view the full market</a>.

As of Q4 2023, the Fort Myers / Naples retail market showed a 2.9% vacancy rate, and rents up 7.4% year over year. Source: Www.lee-Associates.com Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Fort Myers / Naples retail market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q4 2023).

Unified Estimate

Low Confidence

$375.20/SF – $507.62/SF

Mid: $441.41/SF

Rate estimator only; cost-of-business estimate unavailable.

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