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FOR SALE or LEASE 3120-3131 E Riverside Dr 24,700 SF 63% Leased Flex Building Fort Myers, FL 33916 $4,852,877 CAD ($196.47 CAD/SF)
INVESTMENT HIGHLIGHTS
- Riverfront Income Property with High-Rise Development Upside | Adjacent to New City Boat Ramp
- Property is completely fenced-in with security lighting and electronic security coded gate access
- New Firestone TPO roof with remaining multi-year warranty on main waterfront office sections
- Property is previously approved for PUD high-rise development by the City.
- New highly efficient HVACs; high efficient LED lighting; high speed Wi-Fi with installed Google NEST
- New 175mph hurricane resistant windows surrounding the entire back offices with lifetime warranty
EXECUTIVE SUMMARY
Offered at an adjusted price of $3,495,000, 3131 E Riverside Drive presents a rare dual-track opportunity for income investors, owner-users, and waterfront high-rise developers. The property is immediately adjacent to land recently acquired by the City of Fort Myers for a new public boat ramp, a significant catalyst for waterfront land values and future residential demand.
In addition to strong in-place and pro-forma income, the site has prior high-rise PUD history (reapplication required) and is well suited for a hold-and-carry redevelopment strategy, allowing rental income to offset carrying costs while pursuing future condominium or mixed-use development.
Parking / Land Upside Additional Land Value – A nearly ½-acre portion of the property can be developed with no zoning changes to RM16 or up to 7 units as-is or utilized short- or long-term as a 24–32 space surface parking lot, supporting the new City boat ramp, tenants, or future development, with potential for meaningful supplemental income.
Price For Lease: $15.00 PSF + $5.00 CAM
In addition to strong in-place and pro-forma income, the site has prior high-rise PUD history (reapplication required) and is well suited for a hold-and-carry redevelopment strategy, allowing rental income to offset carrying costs while pursuing future condominium or mixed-use development.
Parking / Land Upside Additional Land Value – A nearly ½-acre portion of the property can be developed with no zoning changes to RM16 or up to 7 units as-is or utilized short- or long-term as a 24–32 space surface parking lot, supporting the new City boat ramp, tenants, or future development, with potential for meaningful supplemental income.
Price For Lease: $15.00 PSF + $5.00 CAM
PROPERTY FACTS
| Price | $4,852,877 CAD | Lot Size | 1.46 AC |
| Price Per SF | $196.47 CAD | Rentable Building Area | 24,700 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built/Renovated | 1951/2017 |
| Property Subtype | Flex Research & Development | Parking Ratio | 2.55/1,000 SF |
| Building Class | A | Clear Ceiling Height | 10’ |
| Zoning | CG - CG, Commercial General-CITY OF FORT MYERS; Vacant lot RM-16 | ||
| Price | $4,852,877 CAD |
| Price Per SF | $196.47 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | A |
| Lot Size | 1.46 AC |
| Rentable Building Area | 24,700 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1951/2017 |
| Parking Ratio | 2.55/1,000 SF |
| Clear Ceiling Height | 10’ |
| Zoning | CG - CG, Commercial General-CITY OF FORT MYERS; Vacant lot RM-16 |
AMENITIES
- 24 Hour Access
- Fenced Lot
- Security System
- Waterfront
- Wheelchair Accessible
- Reception
- Car Charging Station
- Air Conditioning
UTILITIES
- Lighting
- Water - City
- Sewer - City
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 07-44-25-P4-00109.0080 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,523,177 CAD |
PROPERTY TAXES
Parcel Number
07-44-25-P4-00109.0080
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,523,177 CAD
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FOR SALE or LEASE | 3120-3131 E Riverside Dr
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