3900 Broadway,Fort Myers, FL 33901
Fort Myers, FL 33901
Description
The best passive income property money can buy is being sold for HUNDREDS OF THOUSANDS under Appraised value! 9 CAP!! Over $33,000 a month in gross rent with the ability build an additional 4 stories taller, giving you a solid return on your investment with the potential to add on dozens of more rental units! Located across from the street from the soon-to-be redeveloped Edison Mall, these 4 concrete block buildings sitting on over 2+acres are 95% leased to great, long term tenants with security deposits and advanced rents, mostly in the medical or professional fields and is a very well kept & well run property! Property is grandfathered in for a local well to use for irrigation, saving you money on your lawn bill! Simple expenses such as water, landscaping, insurance and taxes. Tenants pay their own electric. 24,000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, on 2.7 Acres of land, over 100 parking spaces and borders other commercial properties with residential just up the block. Newer laminate flooring in most units. See Supplements for Offering Packet with full details and appraisal information. Local owner is retiring, this is your opportunity to have a long term investment in a rapidly growing part of Fort Myers.
Details
| MLS # | A11991274 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 179 |
| Listing Provided By | Realty One Group MVP | Gina Middleton |
Features
| SQ Feet | 25,000 |
|---|---|
| Building(s) | 4 |
| Acreage | 2.72 |
Parking
| Parking Features | Free Parking, Off Site |
|---|
Area Information
| State | FL |
|---|---|
| County | Lee |
| City | Fort Myers |
| Zip Code | 33901 |
| Area | 5940 Other Florida County |
| Subarea | Other |
| Listing VS Median (in 33901) | |
Price: $3,400,000 low | high Med: $199,000 sqft: 25,000 low | high Med: 1,314 $ / sqft: $136 low | high Med: $151 On site: 179 low | high Med: 89 | |
Market Activity 33901
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | Fort Myers |
| Zip Code | 33901 |
| Area | 5940 Other Florida County |
| Subarea | Other |
| Listing VS Median (in 33901) | |
Price: $3,400,000 low | high Med: $199,000 sqft: 25,000 low | high Med: 1,314 $ / sqft: $136 low | high Med: $151 On site: 179 low | high Med: 89 | |