1705 Colonial BlvdFort Myers, FL 33907

  • Office properties
  • 1,195 SF
For Sale
$379,000 View listing

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
1705 Colonial Blvd, Fort Myers, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,446
-
$140,260
$140,260
-
-
$140,260
$140,260

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