12200/12210 Shoreview Drive Cape Coral, FL 33993
For Sale MLS# 225049633
Commercial
Details for 12200/12210 Shoreview Drive
MLS# 225049633
Description for 12200/12210 Shoreview Drive, Cape Coral, FL, 33993
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!
Listing Information
Property Type: Commercial, Hotel/Motel
Status: Active
Lot Size: 1 Acres
Year Built: 1999
Stories: 2 Story
Current Use: Multi-Family
County: Lee
Days On Market: 186
Construction Status: Resale
Utilities
Other Utilities: Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Trash Collection,Water Available
Exterior / Lot Features
Zoning: RM-2
Waterfront Details
Water Front Features: Bay Access, Seawall
Financial Considerations
Tax/Property ID: 13-44-22-01-00001.0180
Tax Amount: 22093
Tax Year: 2024
A broker reciprocity listing courtesy: Re/Max Sunshine
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Sales History & Tax Summary for 12200/12210 Shoreview Drive
Sales History
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Tax Summary
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Schools
Schools nearby 12200/12210 Shoreview Drive
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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