15630 Mcgregor BlvdFort Myers, FL 33908

Property Details for 15630 Mcgregor Blvd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.80 AC

Property size (Sq ft)

5,350 SF

Zone code

CN-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

31-45-24-25-00000.0010

APU

31452425000000010

Description

This exceptional 6,400 square foot mixed-use commercial strip plaza, located at 15630 McGregor Blvd, Fort Myers, FL 33908, presents a compelling investment opportunity. The property, situated on 0.8 acres, boasts six units and a warehouse, currently operating at 80% occupancy with four existing tenants. Zoned CN1, it's ideally suited for a variety of retail and office uses. The property features 27 parking spaces, ample paved parking in front, and a large rear lot for tenant use. Recent significant improvements include a new rolled flat roof and metal mansard (2023), stucco repairs, exterior repainting, new gutters (2023), updated LED lighting with dusk-to-dawn sensors, and replacement of all backflows (2024). Individual unit upgrades are substantial, including new AC units in multiple units (2018, 2023, 2024), interior remodels (2006, 2021), and plumbing upgrades (2019). A new sewer line was installed in 2004, and sewer cleanouts were replaced in 2023. The marquis sign was replaced in 2023 following Hurricane Ian. This well-maintained, income-generating property offers a strong return on investment in a high-demand area near Fort Myers Beach and Sanibel. The property is being sold as-is with existing tenants

• CAP approach

  CAP return

  Valuation

  6%

  $2,086,138

  6.5%

  $1,925,666

  7%

  $1,788,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,704,618

  Geo Method

  $2,462,218

• Alternative Use

  Use

  Valuation

  Residential

  $1,624,372

  Hospitality

  $1,487,916

  Educational

  $1,237,928

  Medical

  $1,280,503

  Retail

  $1,925,666

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5146

Longitude

-81.9493

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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