Marina on Main -1120, 1122, 1130 & 1138 Main St.
Unique Marina Redevelopment Opportunity In A Preferred Zone (Unlimited)
Marketing description
1120, 1122, 1130 & 1138 Main Street
San Carlos Island
Strategically located on Main Street, this location offers all the beauty and water access of Fort Myers Beach but with the zoning and development oversight of Lee County. This means positive density and height to maximize water views and ensure project profitability.
Fort Myers Beach is on the road to significant revitalization, and this property maximizes all the benefits of a waterfront location without the traffic or redevelopment uncertainty. The docks have all been recently rebuilt and there are several waterfront restaurants within view, only a couple minutes walking or by boat.
The property is currently zoned Light Industrial (IL) but there were previously living units on the property as well. According to Section 8.44 of the ManateeProtection Plan (MPP), these properties are designated as “Preferred”, which then grants them an unlimited number of wet slips and dry slips (limited only by Lee County development codes).
Investment highlights
- Income-Producing Marina with Newly Rebuilt Slips and Dock
- This offering comprises four parcels, which total 1.82 AC and 56 permitted wet boat slips.
- All utilities are already on site.
- While working through entitlement and permitting processes, investors can capitalize on the existing revenue streams.
- The marina has an existing submerged land lease with the State of Florida.
- Designated a Preferred Property by Lee County Manatee Protection Plan for unlimited slips.
- Potential redevelopment for an additional 88 to 32 dry docks (depending on size)
- Additional uses include restaurant and retail to enhance the potential for redevelopment of the property.
- Hurricane Ian decimated the Fort Myers Beach area. In the ensuing 23 months, the Town of Fort Myers Beach has been struggling with changes and approvals. As a result, there are opportunities, especially with these larger waterfront parcels, to provide greater services to the entire area. All local approvals are through unincorporated Lee County. The county has prioritized storm-damaged properties.
- San Carlos Island has been recognized in the past for being the headquarters for the local shrimping industry and for other significant marine-based uses.
- There continues to be a shrinking availability of waterfront for industrial and marine based land uses. Due to the accessibility to the Gulf of Mexico, the water depth, and the allowed uses, this property is ideally capable of providing various marine based services.
- The property is flanked by marine/industrial uses on both sides. The western side is a non-operational marina property, and the eastern adjacent parcel is currently operated as a marine repair facility.
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