FL > Cape Coral
Cape Coral, FL 33993,12200/12230 Shoreview DR
Cape Coral, FL 33993,12200/12230 Shoreview DR
Cape Coral, FL 33993,12200/12230 Shoreview DR
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Milton Knight

Milton Knight

+1(786) 917-3337
$4,500,000
Est. payment /mo
1 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/ Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225049633

Construction Status Resale

HOA Y/N No

Year Built 1999

Annual Tax Amount $22,093

Tax Year 2024

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Hotel/ Motel

Property Description

An amazing opportunity to own a unicorn property with SO much potential and so many different options. Take advantage of this opportunity to build and expand upon current owner upgrades - this resort property is located in Matlacha, a renowned old Florida art and fishing village with easy access to Cape Coral, Pine Island and the multiple surrounding islands and also located directly on the Great Calusa Blueway - a 200 mile guided kayaking and paddling water trail. Matlacha is known for its Olde Florida community, tourism and some of the best fishing and boating right in your back yard, with endless views, a nature lover's paradise. Over 275 feet of water frontage, endless views, 5 boat slips (could be 6), magnificent potential and currently used as a short term vacation rental/hotel. Total Units: 13 units plus one office option(convertible to a 3rd bedroom in Unit 2 of the quad)and mirrors the 3-bedroom layout in Unit 3. Two buildings - Two-story building: 9 units (2× 2BR, 6× 1BR, 1 hotel room currently used as laundry), Single-story building: 1× 3BR, 1× 2BR, 2 studios, Square Footage: 7,400 SF (4,650 SF + 2,750 SF), Land: 1 Acre, direct waterfront, Zoning: multi-family / hotel. This was fully renovated in 2025 and is in spectacular condition - attention to detail in all upgrades and this entire property and each unit is spacious, with upscale decor and furnishings. Investment Highlights
Asking Price: $4,500,000 / Projected NOI (Year 1): $311,500 (Financial Overview and Proformas available upon request / Pro Forma Cap Rate: 6.9% / Revenue Potential: $550,000+ annually at 70% occupancy / ADR Growth: $180 - $210 projected over 5 years / Expansion Potential: Opportunity to add RV spots or tiny homes in the gravel area along the canal / convert laundry/office space to additional guest accommodations or amenities. Potential additional revenue streams include event hosting, day passes, boutique retail store, kayak rentals, bike rentals, jet ski rentals - please contact your Agent for additional detailed floor plans, unit information and financials. All the work has been done and ready for a new owner!

Location

State FL

County Lee

Area Pi03 - Matlacha

Interior

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available

Waterfront Description Bay Access, Seawall

Present Use Multi-Family

Garage No

Building

Story 2

Construction Status Resale

Others

Senior Community No

Tax ID 13-44-22-01-00001.0180

Virtual Tour https://fusion.realtourvision.com/s/idx/275642

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Listed by Re/Max Sunshine • Char Seuffert

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agent

Milton Knight

+1(786) 917-3337

Principal Real Estate Broker | License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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