Active

1131 1st ST

FORT MYERS BEACH FL, 33931

$24,900,000


$1,431.86 per sqft

Active

17,390 sqft

Commercial

Built in 2003

Welcome to Old Seaport Place--where Fort Myers Beach comes alive! This is more than just a property; it's the beating heart of the island's vibrant waterfront scene. Home to three iconic island restaurants--Nervous Nellie's, Snug Harbor, and Wahoo Willies--this Bayfront powerhouse is a landmark for locals and visitors alike. Whether arriving by land or sea, patrons flock to this premier destination to soak in the energy, indulge in waterfront dining, relax while enjoying the live music, and experience the best of Fort Myers Beach. This ~1.80-acre masterpiece isn't just about location--it's about unmatched legacy opportunity. This property is designed for high-volume success and features 21 deep-water marina slips and a 122-space dedicated parking lot on a prime Bayfront setting. Fully leased with rock-solid triple-net agreements with long-time expert operators, it delivers consistent, hands-off income while we are crossing the threshold of Fort Myers Beach's incredible transformation. Surrounded by game-changing developments, Old Seaport Place is positioned for even more significant growth. Old Seaport Place is adjacent to the upcoming Arches Bayfront Marina Village, a dynamic waterfront hub featuring luxury hotels, an expanded marina, and an entertainment district. Just steps away, the brand-new Margaritaville Resort has enhanced the area's tourism appeal, attracting thousands of guests each month and a new wave of high-end visitors. With record-breaking travel numbers, surging visitor spending, and an ever-expanding hospitality scene, this investment is built for immediate returns and long-term appreciation. This is where the island's energy thrives. This is Old Seaport Place. An unparalleled opportunity to own an iconic cornerstone of Fort Myers Beach's vibrant, laid-back lifestyle! Enjoy a high-demand, high-revenue waterfront destination that is a true legacy asset in Florida's hottest coastal market!

225025187

MLS ID

March 12, 2025

Listed

March 13, 2025

Updated

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.8 Acres

Other Property Details

Taxes

$29,090


Tax Frequency

Annually


Association Fee

Not Listed


Garage

No


View

No


County

Lee


Waterfront

Yes


Waterfront Features

Bay


Zoning

C-1

Courtesy of Dennis Wagaman, Premiere Plus Realty Company

The IDX display contains information sourced from the Naples Area Board of REALTORS® as of 3/13/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2025 Naples Area Board of REALTORS® All rights reserved.

Data last updated 1:17 AM UTC, 3/13/2025

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