1705 Colonial BlvdFort Myers, FL 33907
- Office properties
- 1,195 SF
Property Details for 1705 Colonial Blvd
- Year built
- 1985
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 1,195 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 35-44-24-P3-02300.0A10
- APU
- 354424P3023000A10
Description
This exceptional 1,626 square foot office space is ideally situated at 1705 Colonial Blvd in Fort Myers, Florida, zip code 33907. The property, known as The Forum at Midpoint, offers a versatile layout suitable for various business types, including executive offices, coworking spaces, medical offices, and creative offices. Currently configured as a single-tenant space, it features four private offices with the potential to add four more in the open areas on both the ground and upper floors of this two-story building. Two restrooms are conveniently located within the suite. Recent upgrades significantly enhance the space's appeal, including fresh interior paint, new carpeting, and abundant natural light. The building itself has undergone substantial renovations, boasting a newly installed roof and a recently painted and refreshed exterior. This prime location benefits from high visibility and exceptional accessibility, with an average daily traffic count exceeding 54,000 vehicles on Colonial Boulevard, near US41. The property's APN is 35-44-24-P3-02300.0D20. This is a rare opportunity to secure a well-maintained, modern office space in a high-traffic area of Fort Myers.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $316,986
- 6.5%
- $292,602
- 7%
- $271,702
-
Comparable approach
- Method
- Valuation
- Relative Method
- $239,728
- Geo Method
- $218,243
-
Alternative Use
- Use
- Valuation
- Residential
- $362,827
- Hospitality
- $332,348
- Educational
- $276,509
- Medical
- $286,019
- Retail
- $430,125
Location Insight
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Latitude
- 26.5972
- Longitude
- -81.8777
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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