236 Pondella RdNorth Fort Myers, FL 33903

Property Details for 236 Pondella Rd

Year built

1999

Construction

STEEL FRAME

Lot size

0.64 AC

Property size (Sq ft)

5,850 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Gas stations

APN

02-44-24-00-00059.0080

APU

2442400000590080

Description

This versatile 5,850 square foot flex/retail/warehouse property, situated on a 0.61-acre fenced lot in North Fort Myers, Florida, presents a unique investment opportunity. Located just one mile from downtown Fort Myers and on high-traffic Pondella Road, adjacent to a signalized intersection, this property boasts exceptional visibility. Built in 1999 and renovated in 2023, the building features separate offices, a spacious reception area, overhead doors, and ample parking. Currently configured as an auto transmission center with seven lifts and all fixtures, furniture, and equipment included, the C1 zoning allows for a wide range of potential uses. The property's ideal location, combined with its flexible layout and recent renovations, makes it an attractive option for both investors and end-users seeking a prime commercial space in a thriving market. Available for occupancy January 15, 2025. Asking price is $1,698,900.

• CAP approach

  CAP return

  Valuation

  6%

  $2,281,105

  6.5%

  $2,105,635

  7%

  $1,955,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,957,386

  Geo Method

  $2,692,332

• Alternative Use

  Use

  Valuation

  Residential

  $1,776,182

  Hospitality

  $1,626,973

  Educational

  $1,353,622

  Medical

  $1,400,176

  Retail

  $2,105,635

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.6677

Longitude

-81.8888

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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