Downtown Mixed-Use Income
For Sale
$1,200,000
2251 Grand Avenue, Fort Myers, FL 33901
Mixed-use building with two renovated condo units above a music studio, plus a fenced parking lot for tenants and guests.
Property Size4,688 SF
Price / SF$255.97
Days on Market61
Property Features for 2251 Grand Avenue
General Information
Standard status
Active
Size
4,688 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Stories
2
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Danielle Mazza · License #3249410
Source:
Xome
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 31 at 2:02PM
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 FUTURE HOME REALTY INC
Investment Insights
Based on property information with market context.
This mixed-use property at 2251 Grand Avenue is arranged with three income-producing spaces. The upstairs level includes two renovated residential condominium units: a spacious 3-bedroom, 2-bath open-concept residence and a 2-bedroom, 2-bath unit. The ground floor is currently configured as a music studio, offering a setup that can support a range of creative or specialty commercial uses consistent with a studio environment.
The property is positioned in downtown Fort Myers and is directly adjacent to the Fort Myers Skatium, an entertainment destination with an ice skating arena, an athletic gymnasium, and a fitness center. A fully fenced parking lot with approximately 10 dedicated parking spaces is included, providing on-site convenience for tenants, customers, and guests. The adjacent property at 2109 Crawford is included with the sale.
With residential units above and a commercial studio below, the building can support an owner-user seeking live-and-work flexibility or an investor looking for a diversified income structure within a single footprint. The combination of on-site parking and a ground-floor creative workspace can be appealing to tenants and operators seeking a downtown address that supports both residential and specialty commercial activity.
The property is positioned in downtown Fort Myers and is directly adjacent to the Fort Myers Skatium, an entertainment destination with an ice skating arena, an athletic gymnasium, and a fitness center. A fully fenced parking lot with approximately 10 dedicated parking spaces is included, providing on-site convenience for tenants, customers, and guests. The adjacent property at 2109 Crawford is included with the sale.
With residential units above and a commercial studio below, the building can support an owner-user seeking live-and-work flexibility or an investor looking for a diversified income structure within a single footprint. The combination of on-site parking and a ground-floor creative workspace can be appealing to tenants and operators seeking a downtown address that supports both residential and specialty commercial activity.
Key Highlights
- 1965 mixed‑use building with two residential condominium units upstairs and a music studio on the ground floor
- Upstairs includes two renovated condos: one 3‑bedroom, 2‑bath and one 2‑bedroom, 2‑bath
- Ground floor is currently configured as a music studio with flexible commercial use for retail, office, wellness, or specialty business
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $24.96 |
| − Vacancy | −$9.6k | −$2.05 |
| EGI | $107.4k | $22.91 |
| − OpEx | −$26.9k | −$5.73 |
| NOI | $80.6k | $17.18 |
4,688 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,563 @ 7.0% cap · market cap 6.71%
Second Best
Multifamily LT 5
$886.5K
$775.7K – $1.03M
NOI $62,052 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,286 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
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
Market
Properties on Market for Mixed-use properties in Lee County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with two renovated condo units above a music studio, plus a fenced parking lot for tenants and guests.
Where is this mixed-use property located?
The property is located at 2251 Grand Avenue Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 1965 mixed‑use building with two residential condominium units upstairs and a music studio on the ground floor; Upstairs includes two renovated condos: one 3‑bedroom, 2‑bath and one 2‑bedroom, 2‑bath; Ground floor is currently configured as a music studio with flexible commercial use for retail, office, wellness, or specialty business
