Mixed-Use Property with Fenced
2251 GRAND AVENUE Fort Myers, FL 33901
2251 GRAND AVENUE, Fort Myers, FL, 33901
$1,200,000
For Sale
$1,200,000
Mixed Use - FORT MYERS, FL
Property Size4,688 SF
Lot Size0.15 Acres
Price / SF$255.97
Days on Market46
Property Features for 2251 GRAND AVENUE
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Zoning
- CI
- Standard status
- Active
- APN
- 24-44-24-P1-00802.0020
- Size
- 4,688 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7735
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1965
- Building materials
- Block
- Architectural style
- Other
Listing Agency
FUTURE HOME REALTY INC
(813) 855-4982
13029 W Linebaugh Av Ste 101, Tampa, FL
Listed by
Danielle Mazza · License #3249410
(813) 843-0218
Added: Jun 3 Checked: Jul 18 at 4:06 pm
MLS# TB8515169
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property is built to produce income from three separate spaces, with two renovated residential condominium units on the upper level and a ground-floor music studio currently configured for commercial use. The upstairs residences feature modern finishes and open, comfortable layouts, including a spacious 3-bedroom, 2-bath unit and a 2-bedroom, 2-bath unit. On the ground floor, the studio configuration offers flexible space that can support a range of creative or service-oriented uses. A fully fenced parking lot with approximately 10 dedicated spaces provides convenient, secure parking for tenants, customers, and guests.
The property is positioned in downtown Fort Myers near the Fort Myers Skatium, a well-known local destination. This location supports consistent community presence and foot traffic tied to a sports and fitness-oriented environment. Zoning is listed as CI.
For investors and owner-users, the combination of renovated residential units and a commercial level with adaptable creative space can help diversify income streams within a single asset. For developers, the property’s downtown positioning and existing mixed-use setup may provide a solid platform for continued redevelopment and re-tenanting strategies aligned with the area’s ongoing revitalization.
The property is positioned in downtown Fort Myers near the Fort Myers Skatium, a well-known local destination. This location supports consistent community presence and foot traffic tied to a sports and fitness-oriented environment. Zoning is listed as CI.
For investors and owner-users, the combination of renovated residential units and a commercial level with adaptable creative space can help diversify income streams within a single asset. For developers, the property’s downtown positioning and existing mixed-use setup may provide a solid platform for continued redevelopment and re-tenanting strategies aligned with the area’s ongoing revitalization.
Key Highlights
- Three income‑producing spaces: 2 renovated upstairs residential condominium units plus a ground‑floor music studio/creative commercial space
- Two residential condos upstairs, including a 3‑bedroom/2‑bath unit and a 2‑bedroom/2‑bath unit
- Ground floor configured as a music studio, offering flexible space for commercial uses such as 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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Focus Music Academy
Vocational School
Social Music House
Recording Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three distinct income spaces upstairs residential and ground-floor studio, supported by dedicated fenced parking for tenants and visitors.
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: Three income‑producing spaces: 2 renovated upstairs residential condominium units plus a ground‑floor music studio/creative commercial space; Two residential condos upstairs, including a 3‑bedroom/2‑bath unit and a 2‑bedroom/2‑bath unit; Ground floor configured as a music studio, offering flexible space for commercial uses such as retail, office, wellness, or specialty business
