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1051 Third St

Fort Myers Beach, FL, 33931

MLS ®: 218027927
04200 sqFt

$2,450,000

Reduced from $2,650,000 on 2018-11-22
Days Listed: 725 • Web Viewings:7 • Video Tour
           

Description

1051 Third St , Fort Myers Beach, 33931

Footsteps away from the white powdery soft sands of the Gulf and the brand new Margaritaville on Ft Myers Beach resort scheduled to start building Dec 1st 2018. An exotic Key West BED AND BREAKFAST colorful bungalow feel, this money making property is located in the downtown area of Ft Myers Beach! More than 20 restaurants & bars, surf shops, fishing piers, jet ski and parasailing adventures within arms length. Owners retiring, this is a perfect opportunity for an investor! This unit sits on two parcels of land, one of which is a corner lot. Views of 3 bodies of water from the third floor units. The second PID# included in this sale is 24-46-23-W3-00202.0110. $225,119 is GOI for 2017 on 7 units. There are 3 additional units the owners are using which could bring GOI up to $321,662. Multi family 10 or less units. THIS IS A TURN KEY!!!! Owner financing with $1 Million down.

GENERAL DETAILS
  • Year Built: 1941
  • MLS Number: 218027927
  • City: Fort Myers Beach
  • County: Lee
  • Created Date: 018-04-14T
  • Property Type: Commercial
COMMERCIAL SPECIFICATIONS
  • AVMYN: 1
  • Business Establish: 2008
  • Comercial Property Type: Lodging And Hospitality: Economy/limited Service, Multi-family: 5+ Units
  • Commercial Amenities: bike storage, BBQ pi
  • Commercial Type: Business W/property
  • Cooling Remarks: Central Air and Wind
  • Cooling: 1
  • Heating Remarks: Central Heat
  • Heating: 1
  • Income Cap Rate: 9.00
  • Lease Min Clear Ceiling Height: 8ft
  • Lease No Of Parking Spaces: 5
  • Lease Power: Electric
  • Number Of Spaces Units: 10
  • Property Highlights: Developers location! HIGH VOLUME WALKING TRAFFIC!!!! ````Margaritaville food and beverage $$$$$$
  • Property Location: Maintained by professional property management team.BED AND BREAKFAST ON THE BEACH! It won't last long on the market. Its sits on a corner lot right across the street from the big TPI development project that will start at end of year.
  • Property Name: Sun Deck Inn
  • Property Use Type: Business
  • Room Mix Avg Rate: 150
  • Room Mix Beds: 22
  • Room Mix Number Of Rooms: 11
  • Sale Includes: Building And Land, Business, Equipment
  • Subject Property SqFt: 12638
  • Tenancy: Multiple
  • Transaction Type: Sale
  • Utilities Available: Electric, Other, Phone Line, Sewer, Trash Removal, Water
Fees
 Taxes (Tax Year 2017)$5,531

Location

1051 Third St , Fort Myers Beach, 33931
BUILDING DETAILS
  • Total Floors: 3
OTHER DETAILS
  • Lot size (acres): 0.4200
  • DOM: 232
  • Legal Description: BUSINESS CENTER BLK.2 PB 9 PG 9 LOT 12 LESS OR2325/0292
  • Lot Frontage: 114
  • Parcel Number: 24-46-23-W3-00202.01
  • Canal Width: None
  • Last Change Type: Price Decrease, Withdrawn
  • Subdivision Number: W3
  • Waterfront Description: None
  • CDOM: 232
  • Utilities Available: Electric, Other, Phone Line, Sewer, Trash Removal, Water

Community Statistics - Mercato

Last Updated: 2019-12-21 12:14:13

Active Listings

  -- All --
# of Listings 12 10,992
Avg $ $1,271,095 $810,705
Avg SqFt 2,180 2,179
Avg $/SqFt $583.00 $372.11

Selling price per sqft change

  -- All --
Past year 6.59% 6.84%
Past 2 years 14.00% 6.34%
Past 3 years 5.10% 1.91%

Selling Frequency

  -- All --
% of homes selling < 7 days 5.56% 0.25%
% of homes selling < 30 days 4.35% 2.22%
% of homes selling < 60 days 4.17% 12.09%
% of homes selling < 90 days 7.69% 23.17%
% of homes selling < 120 days 10.71% 32.58%

Selling Price % of Listing Price

  -- All --
Homes selling < 7 days 100.06% 95.25%
Homes selling < 30 days 100.06% 95.43%
Homes selling < 60 days 100.06% 96.11%
Homes selling < 90 days 100.03% 96.02%
Homes selling < 120 days 95.78% 95.86%

Recent Sales

Street AddressClosing DateYear BuiltSqFtBedsClosing $$/SqFt
9123 STRADA PL 73052019-03-2620081,4352$595,000$414.63
9123 Strada PL 73082019-03-1320089851$515,000$522.84
9115 Strada PL 54072019-02-2820081,4761$615,000$416.67
9123 Strada PL 73062018-12-1220081,4752$700,000$474.58
9115 Strada PL 54162018-11-2120092,1683$1,100,000$507.38
9273 MERCATO WAY 2018-10-1920172,9243$2,111,400$722.09
9123 Strada PL 72162018-09-2820082,1973$935,000$425.58
9123 Strada PL 73092018-09-2620091,0881$425,000$390.63
9115 Strada PL 54042018-09-1420081,4752$679,000$460.34
9204 Mercato WAY 2018-07-1620162,6973$1,520,000$563.59
9123 Strada PL 75022018-06-2820092,0983$1,075,000$512.39
9269 Mercato WAY 2018-06-1920173,0373$2,015,000$663.48
9153 MERCATO WAY 2018-04-2720162,8313$1,631,960$576.46
9214 MERCATO WAY 2018-04-1820162,9423$1,970,000$669.61
9238 Mercato WAY 2018-04-1320152,6973$1,399,000$518.72
9123 STRADA PL 72092018-02-0920081,0881$375,000$344.67
9165 MERCATO WAY 2017-12-0820163,4963$2,152,086$615.59
9225 MERCATO WAY 2017-12-0820173,0373$2,123,165$699.10
9123 Strada Place 74052017-08-1720091,4362$590,000$410.86
9115 STRADA PL 55052017-07-1020081,4362$550,000$383.01
9172 Mercato LN 2017-05-2420162,6973$1,696,000$628.85
9123 STRADA PL 73082017-03-1520089851$475,000$482.23
9123 Strada PL 75102017-03-0220082,4183$1,200,000$496.28
9123 Strada PL 73062017-03-0220081,4122$900,000$637.39
9204 Mercato WAY 2016-11-2320152,6973$1,406,274$521.42
9244 MERCATO WAY 2016-11-1420163,1973$2,300,000$719.42
9115 Strada PL 52122016-10-2120091,4742$880,000$597.01
9123 Strada PL 72082016-09-2320099851$540,000$548.22
9167 Mercato LN 2016-09-2320162,6973$1,646,691$610.56
9184 Mercato WAY 2016-09-1620153,1184$1,435,000$460.23

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Listing courtesy of
Island Life Realty LLC

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