5781 Bayshore RdNorth Fort Myers, FL 33917

Property Details for 5781 Bayshore Rd

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.51 AC

Property size (Sq ft)

4,744 SF

Zone code

CC

Property type

Retail properties

Property subtype

Strip malls

APN

36-43-24-00-00007.0000

APU

36432400000070000

Description

Shoreline Shoppes, located at 5781 Bayshore Rd in North Fort Myers, Florida (zip code 33917), presents a unique investment opportunity in a thriving Lee County market. This multi-tenant property offers a blend of retail and office space, totaling 26,492 square feet. Currently, there is 1,125 square feet of vacant space available, including one immediately available suite of 1,075 square feet, perfect for a variety of uses. The building's zoning is classified as CC. The property is ideally suited for medical offices and traditional office tenants, given its existing subtype designations. The building does not have elevators. The property's prime location in North Fort Myers offers excellent visibility and accessibility, making it an attractive option for businesses seeking a strong presence in this growing community. The available space presents a chance to establish or expand a business within a well-maintained building. Serious inquiries are encouraged to explore this promising commercial real estate opportunity. Further details regarding lease terms and conditions are available upon request. This property is situated at latitude 26.690687 and longitude -81.862493.

• CAP approach

  CAP return

  Valuation

  6%

  $1,849,839

  6.5%

  $1,707,544

  7%

  $1,585,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,398,264

  Geo Method

  $2,183,320

• Alternative Use

  Use

  Valuation

  Residential

  $1,440,377

  Hospitality

  $1,319,378

  Educational

  $1,097,707

  Medical

  $1,135,459

  Retail

  $1,707,544

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.6907

Longitude

-81.8624

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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