4231 Colonial BlvdFort Myers, FL 33966

Property Details for 4231 Colonial Blvd

Year built

1981

Construction

STEEL FRAME

Lot size

2.75 AC

Property size (Sq ft)

19,092 SF

Zone code

PUD

Property type

Retail space

APN

32-44-25-P2-00007.0030

APU

324425P2000070030

Description

This exceptional 16,851-square-foot single-tenant flex space in Fort Myers, Florida, presents a rare investment opportunity. Situated on a 2.91-acre lot with 243 feet of frontage on Colonial Boulevard, this property boasts high visibility and accessibility, benefiting from approximately 54,379 daily vehicle counts. Built in 1981 and renovated in 2007, the building features all-steel construction with a 14-foot ceiling height and ample parking (50 spaces). Currently zoned PUD, the property is undergoing rezoning to Commercial General (CG), unlocking 47 permitted and 13 conditional uses. Its strategic location directly across from Lee Health's new 520,000-square-foot campus and amidst significant residential development (over 7,500 units in various stages of development) ensures strong future growth potential. The property's versatile nature, combined with its prime location and ongoing improvements, makes it an ideal choice for a variety of businesses. The APN is 32-44-25-P2-00007.0030. This one-story building offers a unique blend of warehouse, manufacturing, and retail capabilities.

• CAP approach

  CAP return

  Valuation

  6%

  $7,444,590

  6.5%

  $6,871,929

  7%

  $6,381,077

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,651,697

  Geo Method

  $8,786,665

• Alternative Use

  Use

  Valuation

  Residential

  $5,796,729

  Hospitality

  $5,309,773

  Educational

  $4,417,668

  Medical

  $4,569,599

  Retail

  $6,871,929

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.6073

Longitude

-81.8257

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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