3937-3957 Broadway Ave - Storefront Retail/Residential FOR SALE


Fort Myers, FL 33901- Page Park
$1,850,000 USD
239-745-8090
3937-3957 Broadway Ave, Fort Myers, FL for Sale
$1,850,000 USD
Storefront Retail/Residential - FOR SALE
1/41
null | 5.26% Cap Rate

3937-3957 Broadway Ave
Fort Myers, FL 33901
Page Park


HIGHLIGHTS

  • High Traffic Count located near US 41 and Winkler Ave
  • Across from Edison Mall
  • Near Fully Leased

OVERVIEW

Mixed Used Building in Busy Location next to Edison Mall. This Building has (5) Commercial Spaces on the Lower Level -- FULLY LEASED on a Triple Net Lease. The 2nd Floor has (5) 2 Bedroom 1 1/2 Bath Units. (2) of the Commercial spaces are leased to a Hair Salon who has been operating in this building for over 15 years. (2) of the Commercial spaces are leased to a Message Parlor who has been leasing this space for over 8 years. (1) Commercial space is leased by a Tattoo shop and currently on a month to month Lease. There is (1) vacancy on the apartments but is actively been marketed for lease. Building has had recent improvements including all new Exterior Painting, many of the windows on the apartments have been replaced with Hurricane Impact Glass windows. Some units have newer AC systems. Great Opportunity for cash flow or utilize the commercial space currently on a month to month Lease and Owner Operate the Building. SELLER IS MOTIVATED AND OPEN FOR ALL REASONABLE OFFERS. SELLER WILL ALSO CONSIDER HOLDING FINANCING.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$210 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

C1

APN/PARCEL ID

36-44-24-P1-00012.0070

ASK ABOUT THIS PROPERTY

Steve ManderschiedWatersedge Realty Group LLCMore Info
239-745-8090

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Steve ManderschiedWatersedge Realty Group LLCMore Info
239-745-8090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.