3900 Broadway, Fort Myers FL 33901

For sale Days on market 141

Broadway Professional Center [ Office ]

$3,400,000

$350,000
Price Decreased

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Overview

2.72 acres

Property 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.

Property Details

MLS#

A11991274

Total Floor in Bldg

Building

Broadway Professional Center

Address

3900 Broadway

City

Fort Myers

State/county

Zip/Postal Code

33901

Area

Country

United States

HOA

Assoc Fee

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Assoc Fee Pd

Tax Amount

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Maint Fee

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Tax Year

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