15675 Mcgregor BlvdFort Myers, FL 33908

Property Details for 15675 Mcgregor Blvd

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.79 AC

Property size (Sq ft)

53,869 SF

Zone code

C-1A

Property type

Community centers

APN

31-45-24-00-00011.2000

APU

31452400000112000

Description

Island Plaza, located at 15675 McGregor Blvd, Fort Myers, FL 33908, presents a prime retail opportunity in a vibrant commercial area. This C-1A zoned strip center offers a total of 57,852 square feet of retail space, with multiple tenancies available. Currently, 13,232 square feet are vacant, offering flexible space options ranging from a minimum of 966 square feet to a maximum contiguous space of 6,800 square feet. The property boasts ample parking, with a ratio of 6.28 spaces per 1,000 square feet. This makes Island Plaza an ideal location for a variety of retail businesses seeking high visibility and convenient access for customers. The property's strategic location in Fort Myers, Florida, ensures high foot traffic and exposure to a thriving consumer base. The flexible space options allow for customization to suit diverse business needs, making it an attractive investment for both established businesses and new ventures. Interested parties are encouraged to inquire about available spaces and lease terms. The property's convenient location and ample parking make it an excellent choice for businesses seeking a strong presence in the Fort Myers market. The existing infrastructure and zoning regulations provide a supportive environment for a wide range of retail operations.

• CAP approach

  CAP return

  Valuation

  6%

  $21,005,270

  6.5%

  $19,389,480

  7%

  $18,004,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,232,728

  Geo Method

  $24,792,000

• Alternative Use

  Use

  Valuation

  Residential

  $16,355,751

  Hospitality

  $14,981,780

  Educational

  $12,464,665

  Medical

  $12,893,344

  Retail

  $19,389,480

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5132

Longitude

-81.9486

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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