2038 Henley PlFort Myers, FL 33901

Property Details for 2038 Henley Pl

Year built

1923

Construction

FRAME

Lot size

0.36 AC

Property size (Sq ft)

1,237 SF

Zone code

U-CTR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14-44-24-P3-00700.0050

APU

144424P3007000050

Description

This exceptional investment opportunity presents a 2,204-square-foot, two-story Class B executive office building situated in the heart of historic downtown Fort Myers, Florida. The property, located at 2038 Henley Place, sits on a sizable 0.36-acre lot (15,005 sq ft) between McGregor Boulevard and West First Street, just west of US 41, offering excellent visibility and accessibility. Built in 1923, this building boasts a unique blend of historical charm and modern functionality, perfect for a variety of executive office uses. Its strategic location provides easy access to the vibrant downtown core, placing it within walking distance of numerous amenities and businesses. The property is zoned U-CTR, allowing for at least 18 dwelling units, presenting significant potential for future development or redevelopment. High traffic counts on nearby McGregor Boulevard (13,000 CPD) and US 41 (45,500 CPD) further enhance its desirability. The asking price for this unique property is $600,000. This presents a rare chance to acquire a well-located, versatile commercial property in a thriving Florida market. The single-unit building offers a substantial footprint and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $406,877

  6.5%

  $375,579

  7%

  $348,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $384,639

  Geo Method

  $350,166

• Alternative Use

  Use

  Valuation

  Residential

  $375,579

  Hospitality

  $344,028

  Educational

  $286,228

  Medical

  $296,071

  Retail

  $445,243

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.6406

Longitude

-81.8739

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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