Historic Myakka River Restaurant - The Bean Depot

Investment Overview

American Property Group of Sarasota, Inc. presents The Bean Depot and Historic El Jobean Hotel Site, a rare opportunity to acquire a distinctive piece of Florida history with redevelopment potential in El Jobean, Charlotte County. The offering includes The Bean Depot restaurant along with the former El Jobean Hotel site at 4381 Garden Road. Originally constructed in 1923 by El Jobean founder Joel Bean, the hotel became part of the community's colorful history, with connections to Hollywood productions, sport fishing, circus performers, and legendary daredevil Leo "Suicide" Simon. The El Jobean Hotel was individually listed on the National Register of Historic Places in 1999 for its significance in community planning, development, entertainment, and recreation. Although the original hotel no longer stands, the property presents a unique opportunity to pursue the rebirth of this historic destination. The offering includes the hotel site and associated rights and interests held by the Seller, creating the potential for reconstruction of a hotel or development of another compatible commercial use generally within the historic building footprint, subject to Charlotte County and all applicable approvals and regulations. Combined with The Bean Depot and adjacent properties included in the portfolio, the site offers potential for a hotel, hospitality, restaurant, event, entertainment, or destination-oriented concept that celebrates the character and history of El Jobean. Qualifying rehabilitation or restoration work within the portfolio may also be eligible for certain federal or Florida historic-preservation tax incentives, subject to applicable requirements, certifications, and approvals. Prospective purchasers should independently verify eligibility. Reconstruction of the former El Jobean Hotel should not be assumed to qualify for historic tax incentives solely based on its former National Register listing.

Investment Highlights

• Historic El Jobean redevelopment opportunity
• Includes The Bean Depot restaurant and former hotel site
• Former El Jobean Hotel originally constructed in 1923
• Hotel listed on the National Register of Historic Places in 1999
• Potential hotel, hospitality, restaurant, event or destination use
• Opportunity to recreate an important piece of El Jobean history
• Potential historic-preservation incentives for qualifying work