2120 Collier AveFort Myers, FL 33901

For Sale
$9,800,000

Large religious/school campus, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 53,244-square-foot property in Fort Myers, Florida, presents a unique investment opportunity. Situated on a 4.64-acre lot zoned CG, this multi-building campus offers diverse income streams and significant expansion potential. The main building, a 18,440-square-foot sanctuary, features ample seating, a stage, baptismal, band area, fellowship hall, welcome center, and a wired sound studio. All buildings are equipped with fire safety systems, including sprinklers and Starlink. A second building, approximately 18,000 square feet, currently serves as a dormitory but is easily adaptable for school use, including offices, showers, and a full commercial kitchen. A third building provides retail space with several existing tenants, generating additional income at an average rate of $14 per square foot. The property boasts ample, recently repaved parking and additional courtyards. Built in 1981, this property offers a 7.76% pro-forma cap rate and a $760,440 pro-forma NOI, with an asking price of $9,800,000 ($184.06/sq ft). One loading dock and one dock-high door are available. This adaptable space aligns perfectly with the Downtown Expansion Redevelopment plan, making it an ideal investment for a variety of uses.

Highlights

  • Three-building portfolio on a 4.64-acre lot in Fort Myers, FL.
  • Commercial General (CG) zoning allows for diverse uses.
  • Building A: 18,440 SF religious facility with ample seating, stage, and sound studio.
  • Building B: ~18,000 SF adaptable space, currently a dormitory, suitable for offices or school use, including kitchen and showers.
  • Building C: 17,288 SF retail space with existing tenants generating $14/SF average rent.

Property Details for 2120 Collier Ave

Property type
Other specialty properties, Schools
Square Feet
53,244 SF
Year Built
1981
Lot Size (sq. ft)
202,118 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.6074786
Longitude
-81.8686498
2120 Collier Ave, Fort Myers, Florida

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2120 Collier Ave
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