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$ 3,750,000
Est. payment /mo
New
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 $150
MLS Listing ID A11991274
HOA Y/N Yes
Lot Size 2.720 Acres
Acres 2.72
Lot Dimensions 225
Property Sub-Type Office
Property Description
The best passive income property money can buy is being sold for UNDER Appraised value! 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 a bunch of money on your lawn bill! Simple expenses such as water, landscaping, insurance and taxes. Tenants pay their own electric. 24000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, 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 Florida Other
Interior
Heating Central, Electric
Cooling Central Air
Flooring Laminate
Exterior
Roof Type Shingle
Total Parking Spaces 115
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick Veneer,Block
Others
HOA Name None
Tax ID 10185400
Security Features Security System,Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11991274
Listed by Realty One Group MVP
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