11560 Majestic Palms Blvd Fort Myers, FL 33908
- Outlet malls
- 29,922 SF
- 2.21 lot acres
Current Use by Public Records
- Pet Supermarket / (Bike/Boat/Book/etc) Store / Pet Store
- bealls / Baby Clothing Store / Men'S Clothing Store
- Bealls Outlet - Village Market Place / Discount Store / Clothing & Fashion Store
Property Details for 11560 Majestic Palms Blvd
- Year built
- 2017
- Construction
- CONCRETE
- Lot size
- 2.21 lot acres
- Property size
- 29,922 SF
- Zone code
- CPD
- Property type
- Outlet malls
- APN
- 31-45-24-65-00000.0090
- APU
- 31452465000000090
Description
This exceptional 8,000 square foot retail space, situated in a vibrant Lee County shopping center, presents a remarkable opportunity for businesses seeking high visibility and accessibility. Built in 2017, the property boasts a modern design and is part of a thriving retail complex strategically located near the intersection of Majestic Palms Boulevard and San Carlos Boulevard. The center enjoys a prime location, surrounded by established and successful retailers including Pet Supermarket and Bealls. Its convenient proximity to major roadways such as Kelly Road, McGregor Boulevard, and San Carlos Boulevard ensures excellent accessibility for customers and employees alike. The property's location also benefits from its close proximity to other significant businesses, including Super Target, Fifth Third Bank, Verizon, Trek, and Rib City, creating a synergistic environment and high foot traffic. The space is zoned CPD (Lee County) and is part of a single-building complex, offering a versatile layout ideal for a variety of retail uses. This is a rare opportunity to establish a presence in a high-traffic, well-established retail center in a rapidly growing area. The modern construction and prime location make this space an exceptional investment for any discerning business. The property offers multiple tenancy options, making it suitable for a variety of retail concepts. This space is ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,780,000
- ML approach
- $7,135,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,540,000
- 6.5%
- $6,040,000
- 7%
- $5,610,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,345,000
Market price range: $4.14M - $12.8M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $7,790,000 Current use
- OFFICE BUILDING
- $8,680,000 Change: +11% Conversion: Easy
- MEDICAL BUILDING
- $7,955,000 Change: +2% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $7,075,000 Change: -9% Conversion: Moderate
- WAREHOUSE, STORAGE
- $6,475,000 Change: -17% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.9452
- Latitude
- 26.5128
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA