- August 24, 2024
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Bonita Bill's Waterfront Café on Fort Myers Beach is up for sale as part of $20 million real estate portfolio that’s just been listed.
The eatery is a piece of a large portfolio of properties that has been put on the market by SVN Commercial Partners. The Semmer Family portfolio includes residences, a self-storage facility and a marina along with Bonita Bill’s and all are on the water.
In a statement, SVN says “this assemblage potentially represents the largest usable waterfront portfolio in Lee County.”
The company also says what many residents have feared since Hurricane Ian destroyed much of Fort Myer Beach in 2022: Selling off these and other properties will permanently change the face of the beach town.
The five properties, SVN says in the statement, “each (are) uniquely positioned to leverage Fort Myers Beach's dynamic revitalization, offering unparalleled potential for investors."
Bill Semmer, according to a history of the restaurant on its website, bought the restaurant’s property in 1991 and opened Bonita Bill’s.
At the beginning it was a concession stand that sold popcorn and beer. It grew though and soon became “a local gem and popular tourist destination where we still live by Bill’s words, ‘No Shirt?, No Shoes?, Can we get you a beer?’”
But it, like much of Fort Myers Beach, suffered extensive damage during Ian in 2022 with, according to the website, "the storm surge making its way to the ceiling, the docks being battered to oblivion, and boats still stuck in the marina.
“We are lucky to say we are still here. We survived.”
Semmer, though, was diagnosed with cancer in late 2022. He died the following January.
The restaurant reopened a couple of months later in March.
The properties in the Semmer Family portfolio listed for sale, which people can bid on individually, are:
SVN Commercial Partners' Lauri Albion, John Albion and Tiffany Luongo are representing the sellers.