Old San Carlos Commercial
0.42± Mixed-Use Redevelopment Opportunity on Fort Myers Beach, FL
Marketing description
LSI Companies is pleased to present this distinctive Mixed-Use redevelopment opportunity in the core of Fort Myers Beach.
Old San Carlos Commercial, comprised of 0.42± acres across three parcels, is strategically located at a hard corner within the vibrant Downtown District, a designated pedestrian-focused corridor that promotes public engagement. The site offers exceptional walkability to key attractions, including Times Square, Fort Myers Beach Pier, and Margaritaville, and offers direct visibility from the primary bridge—overseen from Matanzas Bridge by more than 23,000± AADT.
As part of the now-sunsetted, Mantanza Seafood and Inn CPD, the site was originally approved for up to 40 resort units and 5,000± square feet of commercial/retail floor area. Please refer to page 6 of the Offering Memorandum for potential redevelopment and zoning scenarios to maximize entitlements or revive previous approvals. Currently, the site is used as public parking, an occupied 2,211± square foot retail building, and vacant retail.
“Old San Carlos Commercial” is a winning opportunity for a developer to be a part of Fort Myers Beach and its ground-up redevelopment efforts.
Investment highlights
• Building 1: 440 Old San Carlos Blvd.
- 2,211± Sq. Ft. Occupied Retail
• Building 2: 430 Old San Carlos Blvd.
- Vacant Retail
• Building 3: 1020 Second Street
- N/A Vacant Parcel
• Hard corner site in the retail-row and pedestrian center of Fort Myers Beach
• Multiple beach access points within walking distance
- Crescent Beach Family Park, Lynn Hall Beach Park, and Times Square
• A part of the Matanzas Inn and Seafood CPD (now sunsetted) and approved for a mixed-use development
• Known as the Old San Marco Road corridor, the Town envisions this to be the “pedestrian-oriented public realm”, encouraging walkability and public engagement
• Encouraged to promote the Town’s “Park-Once” strategy to enhance pedestrian activity
APPROVED USES:
•Hotel / Motel
• Bar / Cocktail Lounge
• Parking Lot
• Restaurant
• Personal Services
• Retail Store, Small
• Administrative Office
• Healthcare Facility
* A full list of approved uses is available upon request
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