525 Pine Island RdNorth Fort Myers, FL 33903

Property Details for 525 Pine Island Rd

Year built

2002

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

9.40 AC

Property size (Sq ft)

25,910 SF

Zone code

CPD

Property type

Retail properties

Property subtype

Strip malls

APN

03-44-24-02-00000.0130

APU

3442402000000130

Description

This exceptional retail opportunity is located at 525 Pine Island Rd, North Fort Myers, FL 33903, in Lee County. The property, a multi-tenant strip center, offers six available spaces, ideal for a variety of retail businesses. Each space boasts a minimum divisible square footage of 1,200 square feet, with a maximum contiguous space of 5,000 square feet, providing flexibility for businesses of varying sizes. The property's strategic location in North Fort Myers ensures high visibility and accessibility for customers. Its proximity to a Walmart Plaza further enhances its appeal, drawing significant foot traffic and providing a strong anchor tenant for the area. This presents a unique chance to establish or expand a retail presence in a thriving community. The property is classified as a retail strip center, offering a convenient and attractive shopping experience. The address is easily accessible, providing excellent visibility and convenient access for customers. This is a prime location for businesses seeking high visibility and a strong customer base. The flexible space options cater to a wide range of retail needs, making it an attractive investment opportunity. Serious inquiries are encouraged to explore this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $10,103,149

  6.5%

  $9,325,984

  7%

  $8,659,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,098,442

  Geo Method

  $11,924,497

• Alternative Use

  Use

  Valuation

  Residential

  $7,866,816

  Hospitality

  $7,205,962

  Educational

  $5,995,275

  Medical

  $6,201,462

  Retail

  $9,325,984

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.6797

Longitude

-81.8965

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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