Mixed-Use Property with Retail
1793 Fowler Street, Fort Myers, FL 33901
For Sale
$499,000
Pending
Mixed-use property with retail space, updated features, and historic charm.
Property Size1,746 SF
Lot Size0.18 Acres
Days on Market714
Property Features for 1793 Fowler Street
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Keller Williams Realty Fort Myers and the Islands
(239) 236-4350
Listed By:
Denise Chambre · License FL #258008519
(239) 247-2868
Source:
Exitrealty
Added: Nov 28, 2024
Changed: Aug 8
Last Checked: Oct 30 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Fort Myers and the Islands
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Investment Insights
Based on property information with market context.
This mixed-use property features an original 1912 home with 85 feet of frontage on Fowler Street, situated next door to the butterfly garden compound and close to the downtown river district. Zoned for mixed commercial use, the property has previously served as a retail bookstore and is currently used as a record/vinyl retail shop. The structure includes a main floor of 1746 square feet, encompassing the building and two enclosed porches, along with a large 1280-square-foot attic suitable for storage or other permitted uses. Recent updates include plumbing and electrical work, a new roof installed in 2024, a new AC system, and the installation of an ADA ramp. The building has also undergone termite tenting as a preventative measure and features see-through hurricane shutters for all windows. Original architectural details include wood floors, lath and plaster walls, French doors, exposed brick, and a fireplace. Two sunrooms are located off the front of the building. The property includes one updated bathroom and two additional non-working bathrooms. The property is suitable for storefront, retail, and other commercial uses.
Key Highlights
- Prime mixed commercial zoning with 85 feet of frontage on Fowler St, offering versatile business opportunities.
- Recently updated with new roof (2024), AC, plumbing, electrical, and ADA ramp for immediate usability.
- Large 1746 sq ft main floor plus a 1280 sq ft attic, providing ample space for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,773
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,460
$615.5K
Cap Rate 7%
$439,614
$439.6K
Cap Rate 9%
$341,922
$341.9K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$52.4K $30.00/SF
− Vacancy
−$3.1K −$1.80/SF
EGI
$49.2K $28.20/SF
− OpEx
−$18.5K −$10.58/SF
NOI
$30.8K $17.63/SF
Area
Lee County, FL
Vacancy
6.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,460
Cap Rate 7%
$439,614
Cap Rate 9%
$341,922
Alternative Uses
Best Use
Mixed Use
$439.6K
$384.7K – $512.9K
NOI $30,773 @ 7.0% cap · market cap 6.17%
Second Best
Retail
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$549.5K
$480.9K – $641.1K
NOI $38,468 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
52k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Ford's Garage
Dining
15,286 visits/mo
0.4 miles
7-Eleven
Shops & Services
14,943 visits/mo
0.2 miles
Starbucks
Dining
7,994 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,247 visits/mo
0.5 miles
Wells Fargo
Shops & Services
3,583 visits/mo
0.5 miles
Demographics for 33901, FL
22,629
Population
11,709
Households
1.9
Avg Household Size
43
Median Age
29%
College-Educated
83%
High-School Grad
6.2 sq mi
ZIP Area
3,650
Density / Sq Mi
$51,579
Median Household Income
$37,233
Median Earnings
$1,291
Median Rent
$280,400
Median Home Value
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Market
Properties on Market for Storefront properties in Fort Myers
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Florest — 2966 Dr Martin Luther King Jr Blvd, Fort Myers, FL 33916
- Wild at Heart Flower Bar and Mercantile — 1516 Jackson St, Fort Myers, FL 33901
Frequently Asked Questions
What type of property is this?
Storefront property - Mixed-use property with retail space, updated features, and historic charm.
Where is this storefront property located?
The property is located at 1793 Fowler Street Fort Myers, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Prime mixed commercial zoning with 85 feet of frontage on Fowler St, offering versatile business opportunities.; Recently updated with new roof (2024), AC, plumbing, electrical, and ADA ramp for immediate usability.; Large 1746 sq ft main floor plus a 1280 sq ft attic, providing ample space for various uses.
