5660 Bayshore RdNorth Fort Myers, FL 33917

Property Details for 5660 Bayshore Rd

Year built

1984

Construction

STEEL FRAME

Lot size

6.02 AC

Property size (Sq ft)

27,680 SF

Zone code

C-1A

Property type

Retail properties

Property subtype

Community centers

APN

36-43-24-00-00013.0080

APU

36432400000130080

Description

Foxmoor Plaza, located at 5660 Bayshore Road in North Fort Myers, Florida (zip code 33917), presents a compelling investment opportunity. This 50,930 square foot shopping center boasts a highly desirable location at the signalized intersection of Bayshore Road (Highway 78) and New Post Road, providing excellent visibility and accessibility from Interstate 75, leading to Cape Coral. The center features a multi-tenant configuration, with a prominent Winn-Dixie grocery store serving as a shadow anchor, recently renovated and experiencing high customer traffic. This established presence significantly enhances the overall appeal and foot traffic for the remaining retail spaces. The property's strategic location benefits from numerous existing residential developments in the immediate vicinity, and the area is slated for further residential growth in the coming years, promising sustained demand and increased value. The property is classified as a Traditional Office, Strip Center, Plaza, Service, and Retail space, offering diverse leasing options. Lee County is the encompassing county. This property is an ideal investment for those seeking a well-positioned retail center with strong anchor tenancy and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $10,793,329

  6.5%

  $9,963,073

  7%

  $9,251,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,993,241

  Geo Method

  $12,739,100

• Alternative Use

  Use

  Valuation

  Residential

  $8,404,225

  Hospitality

  $7,698,225

  Educational

  $6,404,833

  Medical

  $6,625,105

  Retail

  $9,963,073

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.6872

Longitude

-81.8647

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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