3411 BroadwayFort Myers, FL 33901
- Mobile home & RV parks
- 1.91 AC
Property Details for 3411 Broadway
- Lot size
- 1.91 AC
- Property type
- Mobile home & RV parks
- Property subtype
- Land
Description
This exceptional 1.91-acre property in Fort Myers, Florida (Lee County, zip code 33901), presents a lucrative redevelopment opportunity. Currently operating as a nine-unit mobile home park with 100% occupancy, generating a $78,000 annual NOI and a 7.81% cap rate, this investment boasts significant upside potential. A pro-forma analysis projects a $252,000 NOI and a 25.23% cap rate. The property also includes a 1,600 sq ft, two-bedroom, two-bathroom duplex, offering additional rental income or comfortable living space. The land is zoned TFC-2, allowing for the construction of up to seven duplexes or the development of an eco-village retreat (conceptual plans available). Month-to-month leases are in place, and the property is subject to a ground lease. Located just five minutes from downtown Fort Myers, this versatile property offers immediate income and substantial long-term growth potential, making it an ideal investment for developers and savvy investors seeking high returns in a thriving Southwest Florida market. The asking price is $999,000.
Location Insight
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Latitude
- 26.6144
- Longitude
- -81.8673
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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