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12200-12230 Shoreview Dr, CAPE CORAL, FL 33993
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12200-12230 Shoreview Dr
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  • MLS#: 225049633 ( Commercial Sale )
  • Street Address: 12200-12230 Shoreview Dr
  • Viewed: 9
  • Price: $4,500,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Bay, Seawall
  • Year Built: 1999
  • Bldg sqft: 0
  • Additional Information
  • Geolocation: 26.6383 / -82.0638
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33993
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  • 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!
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Features
Waterfront Description
  1. Bay
  2. Seawall
Close Date
  1. 0000-00-00
Inclusions
  1. Building And Land
  2. Business
  3. Equipment
  4. Fixtures
  5. Furniture
  6. Inventory
  7. Trade Name
Parcel Number
  1. 13-44-22-01-00001.0180
Property Type
  1. Commercial Sale
Tax Year
  1. 2024
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Phone Connected
  4. Sewer Connected
  5. Water Connected
Virtual Tour Url
  1. https://fusion.realtourvision.com/s/idx/275642
Year Built
  1. 1999
Year Established
  1. 2022
Zoning Code
  1. RM-2
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