3900 Broadway,FORT MYERS, FL 33901
FORT MYERS, FL 33901
Description
The best passive income property money can buy!!! Listed for UNDER Appraised value! Over $34,000 a month in gross income with the ability build an additional 4 stories taller with the potential to add on dozens of more rental units, giving you a solid return on your investment for years to come!! - 9CAP!!! 50% Seller Financing Available with 2 Year Balloon payment. Located across from the street from the soon-to-be redeveloped Edison Mall, these 4 concrete block buildings sitting on over 2+acres are 100% 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. 24,000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, over 120 parking spaces and borders other commercial properties with residential just up the block. Newer laminate flooring in most units, 3 newer roofs, multiple new A/C systems. See Supplements for Offering Packet with full details and appraisal information. Manage by a local owner who is retiring giving you the opportunity to have a long term investment in a rapidly growing part of Fort Myers.
Details
| MLS # | 226029910 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 83 |
| Listing Provided By | Realty One Group MVP | Gina Middleton, LLC |
Features
| Story(s) | 1 |
|---|---|
| Zoning | CI |
| Acreage | 2.72 |
| Water Front | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Heating Yes / No | No |
| Fireplace Yes / No | No |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Tax Annual Amount | 35020.96 |
|---|---|
| Tax Legal Description | PARL IN E1/2 OF SW1/4 OF NW1/4 AS DESC IN OR 1209/ 1155 + OR 1350/1920 |
| Tax Year | 2025 |
Area Information
| State | FL |
|---|---|
| County | Lee |
| City | FORT MYERS |
| Zip Code | 33901 |
| Listing VS Median (in 33901) | |
Price: $3,200,000 low | high Med: $177,950 On site: 83 low | high Med: 484 | |
Market Activity 33901
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | FORT MYERS |
| Zip Code | 33901 |
| Listing VS Median (in 33901) | |
Price: $3,200,000 low | high Med: $177,950 On site: 83 low | high Med: 484 | |
 | $2,950,0003822 BroadwayFort Myers, FL 33901 |