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 Features for 2251 Grand Avenue
General Information
- Standard status
- Active
- Size
- 4,688 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1965
Listing office FUTURE HOME REALTY INC (813) 855-4982
Listing date Jun 1, 2026
Source Xome
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Investment Insights
Based on property information with market context.
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
Local 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 |
