2931 Michigan AveFort Myers, FL 33916

Property Details for 2931 Michigan Ave

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.40 AC

Property size (Sq ft)

6,880 SF

Zone code

C1

Property type

Office buildings

APN

18-44-25-P1-00003.0000

APU

184425P1000030000

Description

This newly renovated 3,400 square foot traditional office space in Fort Myers, Florida, offers a unique blend of functionality and security. Located at 2931 Michigan Ave, 33916, this single-tenant property sits on nearly an acre of land, providing ample space and privacy. The property boasts a comprehensive security system, including a coded electric gate, 24-hour camera surveillance, and key fob entry for secure 24/7 access to the building. The interior features a modern design and includes shared amenities with one other tenant, such as a kitchen, bathroom, and a large conference room. This exceptional location offers easy access to Interstate 75, less than four miles away, ensuring convenient commutes for employees and clients. The property is zoned CI (City of Fort Myers) within Lee County, making it suitable for a variety of professional businesses seeking a secure and well-maintained workspace. The combination of modern amenities, enhanced security features, and prime location makes this property an ideal choice for businesses prioritizing both functionality and peace of mind. This is a rare opportunity to secure a well-appointed office space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,824,990

  6.5%

  $1,684,606

  7%

  $1,564,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,380,194

  Geo Method

  $1,256,494

• Alternative Use

  Use

  Valuation

  Residential

  $2,088,912

  Hospitality

  $1,913,432

  Educational

  $1,591,953

  Medical

  $1,646,702

  Retail

  $2,476,371

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.6488

Longitude

-81.8531

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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