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2260 Martin Luther King Blvd 3,960 SF Retail Building Fort Myers, FL 33901 $2,442,860 CAD ($616.88 CAD/SF) 11% Cap Rate
EXECUTIVE SUMMARY
Prime Opportunity to own a legendary stand-alone restaurant in Downtown Ft. Myers with onsite parking that is NOT in a flood zone. All FF&E Included. Current owners have operated for 37 years and are retiring out of state. New Roof in 2022. Historic McGregor Blvd is renamed to MLK in Downtown Ft. Myers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
B
Year Built
1980
Price
$2,442,860 CAD
Price Per SF
$616.88 CAD
Cap Rate
11%
NOI
$268,715 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.87 AC
Zoning
UC - Urban Central Zoning. This zoning is rich with uses. Could also be multi-story.
Parking
50 Spaces (12.63 Spaces per 1,000 SF Leased)
Frontage
150’ on Dr Martin Luther King Jr
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-44-24-P1-01000.017A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,119,982 CAD |
PROPERTY TAXES
Parcel Number
24-44-24-P1-01000.017A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,119,982 CAD
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2260 Martin Luther King Blvd
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