Published: Dec 06, 2013 4:19 PM EST
Updated: Dec 08, 2013 9:09 PM EST

BONITA SPRINGS, Fla.- An iconic sight along U.S 41 could soon see a new crew come onboard. The "Troy- Franco" is headed to the auction tomorrow morning in hopes someone can add new life into a Bonita Springs staple.

But who will become the next captain of this ship? And what will it become in the future? As WINK News is learning, a doctors office, a dinner theater and even a personal residence has been discussed for the ships next voyage.

Interested buyers can now help preserve the "Troy-Franco," a 16th-century Spanish Galleon.

"It's an iconic location marker, it's incredible that in this two county area, there is no one that doesn't know the location of this ship," said realtor for Paradise Realty, Thaddeus Deitriech.

It's been an iconic land mark for 20 years, but for the last 7, it's been vacant used as a warehouse.

"The hope would be to bring a successful sale for the seller, and to someone who is going to acquisition it and utilize it for years to come," said Deitriech.

For now, it's quest is unknown, but there have been inquiries for a possiblee preschool and a dinner theater, someone even wanted to put it in the water.

"I had to let him down lightly that it's a concrete building and it wouldn't float very well."

According to realtor, Thaddus Dietrich, the ship and the land are worth about $1.4 million. He's hoping to sell the replica ship for about $2.8.

Ffrom past contractors, to rebuild this ship could cost $1.5 million to open to a competitive restaurant would be $700,000."

The ship needs work after being ravaged by Hurricane Charley.

"It was roof damage that has since been fixed, but it still needs a lot of renovations from top to bottom to open to a quality restaurant."

The auction will be tomorrow at 10 a.m. at the Hampton Inn in Estero. You can bid in person, online or on the phone.

Below is information regarding the auction from Paradise Realty.

WE ARE ACCEPTING DAY OF AUCTION BIDDER REGISTRATION.

You can register the day of the Auction with a Cashier’s Check that will be verified prior to the start of the Auction and will be remitted only if you are the winning Bidder. You must also present evidence in the form of a letter of guaranteed credit from a bank or approved financial institution that proves the ability to pay any winning high bid. The 10% remainder balance will be due 48 hours after the contract execution.

Subject: 24080 S tamiami Trail Bidder Registration & Information Package

Along with the documents to register and participate in the auction, the information package contains the property appraiser record, area demographics and recent comparable sales for you to review prior to the auction.

Documents to be returned to us via email or fax:

1)Completed and signed Bidder’s Registration Form

2) Legible copy of Driver’s License or Passport

3) Letter of guarantee from your financial institution

4) Verification of Escrow Funds Wire Transfer, or Cashier’s Check for local bidders

5) Buyer Representation documentation, if applicable

6) Power of Attorney for Phone Bidders (provided upon request)

Link to Online Bidding Site: Auction #12713

Auction Information:  http://www.paradiserealtyswfl.com/#!upcoming-auctions/c1xly

For infomation you can call the realtor at 239-463-9277 or visit auctionzip.com