Listing Tools

TROPHY RESORT-ISLAND BAYFRONT ASSET. FULLY STABILIZED. PRIME ENTERTAINMENT DISTRICT LOCATION! Old Seaport Place is the crown jewel of Fort Myers Beach - a rare, fully stabilized, triple-net-leased waterfront investment positioned at the epicenter of the island's billion-dollar reinvention. Situated on 1.80 irreplaceable bayfront acres in the heart of the Old San Carlos entertainment district, this institutional-grade asset delivers reliable income today with exceptional upside tomorrow. This listing includes a total of 6 parcels, anchored by three of the island's most iconic waterfront restaurants - Nervous Nellie's, Snug Harbor, and Wahoo Willie's - the property features long-term NNN leases with seasoned operators who have deep roots in the community and proven performance post-Hurricane Ian. These are not speculative tenants. They are dominant market leaders generating predictable, escalating income with percentage rent participation - all while the landlord remains insulated from operating expenses. Old Seaport Place is more than a restaurant collection. It is a revenue platform. The asset includes over 25,000 square feet of income-producing improvements, 21 deep-water marina slips, and a 122-space private parking lot - a critical competitive advantage on Fort Myers Beach. Both marina and parking components are independently monetizable and provide immediate value-add potential. The parking field alone presents a compelling development opportunity. With strong demand and favorable zoning, a multi-level garage with rooftop activation or event space could dramatically enhance revenue while reinforcing the property's position as the island's entertainment nucleus. The surrounding corridor is experiencing unprecedented capital infusion. Margaritaville Resort has elevated hospitality demand. The $200M Arches Bayfront marina village is rising directly adjacent. Major resort redevelopments and luxury condo projects are underway across the island. Tourism has surpassed pre-Ian levels, with record visitation and sustained growth in ADR and occupancy. Old Seaport Place sits directly in the path of this momentum. From a capital markets perspective, the asset delivers a compelling 7.56% in-place cap rate on 2025 NOI - outperforming comparable Florida waterfront restaurant districts that have traded in the 4.5%-6.5% range - while offering diversified income across dining, marina, and parking revenue streams. With stabilized cash flow, hard coastal real estate, hurricane-tested operations, and multiple avenues for expansion, this is a fortress asset positioned for long-term appreciation and strong exit optionality. Opportunities of this scale and location rarely come to market. Old Seaport Place is not just a secure investment - it is control of the waterfront at the center of Fort Myers Beach's resurgence.

Property Details

Map Location

Listed by Dennis Wagaman of Realty One Group MVP

Based on information submitted to Gulf Coast as of May 16, 2026 . All data is obtained from various sources and has not been, and will not be, verified by broker or Gulf Coast.  All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to be contacted by Dean Chiusano via call, email, and text for real estate services. To opt out, you can reply ‘stop’ at any time or reply ‘help’ for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.