Approved PUD & Marina Development

Special Purpose for Sale
Catylist Listing ID: 30237379
Property Subtypes: Marina
Building Size (RSF): 35,813 SF
Gross Building Area: See Agent
Gross Land Area: 4.73 Acres
Sale Price: $19,867,567
Property Use Type: Investment, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/25/2018

Overview / Comments

The marina is located in one of Florida's fastest-growing counties. The marina consists of an existing 131 slip, state-of-the-art floating concrete docking system for luxury yachts up to and over 100'. The marina offers wide fairways for easy navigation and each slip is serviced by 30 & 50 amp electrical service, water, and Internet access. There is a submerged land lease to the local municipality which may allow for conversion and sale of the slips as long-term leases or non-fee simple Dockominiums.

•4.734 +/- Acres of Prime Waterfront - PUD & Permits in Place
•Current operations include a Hotel, Marina, and Restaurant Lease which generate significant cash flow
•PUD Includes approval for 352 Residential Units & 37,685 SF of Retail on Land
•Existing 131 Slip State of the Art Floating Concrete Docking System
•Waterfront Location with Gulf Access

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 144424P3000010000
Property Visibility: Excellent
Site Description: The site has entitlements for a 352 unit twin tower high rise plus 37,685 square feet of retail and parking garage. PUD & permits in place for this 4.734 +/- acre prime waterfront site. Current operations include a Hotel, Marina, and Restaurant Lease which generate significant cash flow.
Area Description: Legacy Harbour Marina is located on West First Street just west of the Caloosahatchee Bridge. If you are approaching Fort Myers via I-75, take the Route 80 exit (Exit # 141) and proceed west on Palm Beach Blvd straight to West First Street. Continue west under the bridge and we are on the right hand side of the street just past the bridge.

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Photograph of Listing Agent

Stephen A. Cunningham, MAI

SVN | Kova Fort Myers SWFLCA Member
Photograph of Listing Agent

Bryan J. Myers

SVN Kova Fort Myers
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