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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 3,400,000

Est. payment -/mo

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Active

3900 Broadway Fort Myers, FL 33901

25,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 25,000 sqft

Price per Sqft $136

MLS Listing ID A11991274

Construction Status Resale

HOA Y/N No

Lot Size 2.720 Acres

Acres 2.72

Property Sub-Type Office

Property 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.

Location

State FL

County Lee

Area 5940 - Other Florida County

Interior

Interior Features InteriorFeatures

Heating Electric

Cooling Central Air

Flooring Laminate

Fireplace No

Exterior

Parking Features Free Parking, Off Site

Water Access Desc Public

Roof Type Shingle

Road Frontage City Street

Total Parking Spaces 115

Building

Building Description Brick Veneer,Block, Exterior Lighting

Sewer Public Sewer

Water Public

Structure Type Brick Veneer,Block

New Construction No

Construction Status Resale

Others

Tax ID 10185400

Security Features Security System,Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991274

Listed by Gina Middleton Realty One Group MVP

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor | License ID: SL3570527

+1(781) 801-5885

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