- For Sale $4,950,000
- Property Type Restaurant
- Property Size 5,598 SF
- Lot Size 3.28 Acre
- Cap Rate % 6.51
- NOI / YR $322,457.00
- # of Floors 2
- Property Tenancy Multi-Tenant
- Year Built 2014
- Year Renovated 2017
- Date Updated Jan 30, 2026
Description
Invest in a property that not only offers a beautiful waterfront setting but also promises strong income potential and a resilient structure. Seize this unique opportunity to own a prime commercial property in a highly sought-after location. Property only—no business operations included. Enjoy hassle-free ownership. Restaurant has been in business since December 1, 2017, with the current initial 10-year lease expiring November 30, 2027, with 3, 5-year renewal options available. Potential for significant income from current tenant Bimini Bait Shack. Income percentage-based lease in place with a 6% rate up to 4 million and 6.5% on anything over. The on-site Bait Shack can generate a lucrative monthly income of $4,000 or more. The scheduled opening coincides with the reopening of the Punta Rossa boat ramp July of 2025.
Highlights
- Unparalleled views that create an inviting and scenic atmosphere driving visitors and locals to the property.
- Profitability will be ramping up as the completion of hurricane recovery projects on Sanibel, the Causeways, and the Punta Rossa boat ramp.
- Unparalleled views that create an inviting and scenic atmosphere driving visitors and locals to the property.
- The location is a magnet for visitors en-route to and from Sanibel Island, ensuring a steady flow of potential customers.
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Contacts
Cushman & Wakefield | Commercial Property SW FL
CEO & Principal Broker
Cushman & Wakefield | Commercial Property SW FL
