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5460 Bayshore Rd

2,164 SF Office Building North Fort Myers, FL 33917 $449,000 ($207/SF) 6% Cap Rate

Investment Highlights

  • high traffic
  • Open floor plan
  • Freestanding
  • Main road
  • Multi-use

Executive Summary

This property is located in a vibrant and rapidly evolving neighborhood of North Fort Myers, positioned directly along Bayshore Road. This road has emerged as a primary access route to the thriving areas of Cape Coral, Babcock Ranch, and Fort Myers. The property is conveniently situated near the Winn-Dixie Plaza, which is set to undergo significant renovations, transforming into an Aldi and a Five Below store. This development adds to the area's appeal, complemented by a substantial construction project directly across the road.
In addition to its prime location, the property benefits from easy access to Interstate 75, enhancing connectivity to neighboring regions, including the growing Cape Coral and Babcock Ranch areas. This strategic positioning makes it an exceptional option for both commercial and residential applications.
Historically, this versatile space has successfully functioned as both an office and a retail establishment, showcasing its adaptability to various business needs. Presently, it is leased as a residential home; however, the current tenants have the option to vacate upon the closing of the sale or to continue their lease, offering valuable flexibility for the new owner. This arrangement presents multiple possibilities for prospective buyers, whether they are looking to maintain it as a rental property or repurpose it for commercial endeavors.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,164 SF
Building Class
C
Year Built
1968
Price
$449,000
Price Per SF
$207
Cap Rate
6%
NOI
$26,940
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,164 SF
Building FAR
0.24
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C-1A
Parking
6 Spaces (2.77 Spaces per 1,000 SF Leased)
  • Listing ID: 33995022

  • Date on Market: 11/25/2024

  • Last Updated:

  • Address: 5460 Bayshore Rd, North Fort Myers, FL 33917

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