Profitable Investment Opportunity Near Edison
For Sale
$3,400,000
3900 Broadway, Fort Myers, FL 33901
Four commercial buildings with high occupancy and redevelopment potential.
Property Size24,000 SF
Lot Size2.00 Acres
Price / SF$141.67
Days on Market99
Property Features for 3900 Broadway
General Information
Standard status
Active
Size
24,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
(305) 710-3422
Listed By:
Marc Middleton · License #NAPLES-279572191
(305) 710-3422
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 10:52AM
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 Marc Middleton
Investment Insights
Based on property information with market context.
This commercial property, offered below appraised value, presents a passive income opportunity with over $33,000 in monthly gross rent. The property features four concrete block buildings situated on over two acres. Currently 95% leased, the property houses long-term tenants, primarily in the medical and professional fields. The property includes over 24,000 square feet of leasable space and 240 feet of frontage on Broadway. Over 100 parking spaces are available. The location is across the street from the upcoming redeveloped Edison Mall. The property is bordered by other commercial properties, with residential areas located just up the block. Most units feature newer laminate flooring. The property is grandfathered in for a local well to use for irrigation. Tenants are responsible for their own electric bills, while expenses for the owner are limited to water, landscaping, insurance, and taxes. There is potential to build an additional four stories, allowing for the addition of more rental units. This well-maintained and managed property is located in a rapidly growing part of Fort Myers.
Key Highlights
- Gross monthly rent over $33,000 with high 95% occupancy.
- Significant expansion potential with the ability to build an additional 4 stories.
- Located across the street from the soon‑to‑be redeveloped Edison Mall.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,572
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
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Four commercial buildings with high occupancy and redevelopment potential.
Where is this office building located?
The property is located at 3900 Broadway Fort Myers, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Gross monthly rent over $33,000 with high 95% occupancy.; Significant expansion potential with the ability to build an additional 4 stories.; Located across the street from the soon‑to‑be redeveloped Edison Mall.
