2161 Mcgregor BlvdFort Myers, FL 33901

Property Details for 2161 Mcgregor Blvd

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

6,061 SF

Zone code

U-CTR

Property type

Retail properties

Property subtype

Retail space

APN

23-44-24-P2-00800.0070

APU

234424P2008000070

Description

This exceptional mixed-use property, located at 2161 McGregor Blvd in Fort Myers, Florida (Lee County, zip code 33901), presents a compelling investment opportunity. The 100% occupied, Class C building boasts a strong NOI of $112,443, yielding a 6.00% cap rate at an asking price of $1,874,062. The property is ideally situated on the signalized corner of Victoria Avenue and McGregor Boulevard, ensuring high visibility and significant daily traffic. Its mixed-use zoning allows for both creative office and restaurant uses, currently fully leased to multiple tenants. The strategic location offers unparalleled access to the vibrant Downtown Fort Myers area, the historic Edison Ford Estates, and the burgeoning development along First Street. This presents a rare chance to acquire a stable, high-performing asset in a rapidly growing market. The property's strong tenant occupancy and prime location make it an attractive investment for both seasoned and emerging investors seeking a reliable income stream and significant future appreciation potential. The address is 2161 McGregor Blvd, Fort Myers, FL 33901 (latitude 26.6373224, longitude -81.8764334).

• CAP approach

  CAP return

  Valuation

  6%

  $2,363,380

  6.5%

  $2,181,582

  7%

  $2,025,755

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,064,055

  Geo Method

  $2,789,440

• Alternative Use

  Use

  Valuation

  Residential

  $1,840,246

  Hospitality

  $1,685,655

  Educational

  $1,402,446

  Medical

  $1,450,678

  Retail

  $2,181,582

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.6373

Longitude

-81.8764

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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