1620 Medical LnFort Myers, FL 33907

Property Details for 1620 Medical Ln

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.67 AC

Property size (Sq ft)

13,592 SF

Zone code

PO

Property type

Office buildings

APN

02-45-24-P2-00300.0050

APU

024524P2003000050

Description

This exceptional 27,867 square foot medical and traditional office building, located at 1620 Medical Lane in Fort Myers, Florida, presents a unique investment opportunity. Built in 1974 and situated on a 1.67-acre lot (72,589 square feet), the property is zoned NC and offers multiple tenancy options. Spaces range from a minimum of 748 square feet to a maximum of 6,123 square feet, providing flexibility for various business needs. The building boasts a convenient location with easy access to restaurants, shops, and other amenities, ensuring a comfortable and productive work environment. Ample parking is available, catering to both staff and clients. Its strategic location provides excellent access to Cape Coral, US 41, and I-75, enhancing accessibility and convenience. The property also features a drive-up area, ideal for patient pick-up and drop-off, making it particularly well-suited for medical practices. The building currently houses a diverse mix of tenants, reflecting its appeal and desirability within the market. This well-maintained property offers a professional atmosphere and represents a strong investment in a thriving Lee County location, with zip code 33907.

• CAP approach

  CAP return

  Valuation

  6%

  $3,605,416

  6.5%

  $3,328,076

  7%

  $3,090,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,726,686

  Geo Method

  $2,482,307

• Alternative Use

  Use

  Valuation

  Residential

  $4,126,814

  Hospitality

  $3,780,140

  Educational

  $3,145,032

  Medical

  $3,253,194

  Retail

  $4,892,272

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5957

Longitude

-81.8795

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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