For Sale
$1,895,000

6035 Estero BlvdFort Myers Beach, FL 33931

Fully Leased, Prime Beachfront Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, multi-tenant storefront property at 6035 Estero Blvd, Fort Myers Beach, FL 33931, presents a compelling investment opportunity. The 3,460 square foot building, comprised of four separate units, is fully leased, offering immediate cash flow. Constructed of concrete block with a metal roof, the property underwent a complete renovation in 2023 following Hurricane Ian, exceeding building codes with impact windows and doors, new drywall, electrical wiring and panels, updated bathrooms and flooring, and four brand new A/C systems. The property also boasts fresh paint, ample parking, and low-maintenance landscaping. The current zoning (CB) allows for a variety of uses, and a recent Town of Fort Myers Beach zoning update is pending recording, which will further expand permitted uses to include restaurants, retail, and medical facilities. The property currently features one five-year lease and two one-year leases, with tenants expressing interest in lease extensions, ensuring strong leasehold stability. Additionally, there is potential for the addition of a residential unit, subject to approval, which could generate further rental income. This turnkey investment is offered at $1,895,000 and is suitable for a 1031 exchange.

Highlights

  • Four fully leased units in a concrete block building with a metal roof.
  • Fully renovated after Hurricane Ian, including impact windows/doors, drywall, electrical, bathrooms, flooring, HVAC, irrigation, and fresh paint. No Hurricane Helene damage.
  • Ample parking and low-maintenance landscaping.
  • Potential for additional residential unit (subject to approval).
  • Fort Myers Beach zoning update allows for future expansion to restaurants, retail, and medical uses (pending recording).
  • Strong leasehold; one 5-year lease and two 1-year leases with tenants seeking extensions.

Property Details for 6035 Estero Blvd

Property type
Retail properties, Office properties
Class
A
Year Renovated
2023
Units
4

Location Insight

City
Fort Myers Beach
County
Lee
State
Florida
Latitude
26.4252685
Longitude
-81.9062266
6035 Estero Blvd, Fort Myers Beach, Florida

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6035 Estero Blvd
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