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3937-3957 Broadway Ave 8,814 SF 100% Leased Retail Building Fort Myers, FL 33901 $2,529,930 CAD ($287.04 CAD/SF) 5.26% Cap Rate
Investment Highlights
- High Traffic Count located near US 41 and Winkler Ave
- Near Fully Leased
- Across from Edison Mall
Executive Summary
Mixed Used Building in Busy Location next to Edison Mall. This Building has (5) Commercial Spaces on the Lower Level -- FULLY LEASED on a Triple Net Lease. The 2nd Floor has (5) 2 Bedroom 1 1/2 Bath Units. (2) of the Commercial spaces are leased to a Hair Salon who has been operating in this building for over 15 years. (2) of the Commercial spaces are leased to a Message Parlor who has been leasing this space for over 8 years. (1) Commercial space is leased by a Tattoo shop and currently on a month to month Lease. There is (1) vacancy on the apartments but is actively been marketed for lease. Building has had recent improvements including all new Exterior Painting, many of the windows on the apartments have been replaced with Hurricane Impact Glass windows. Some units have newer AC systems. Great Opportunity for cash flow or utilize the commercial space currently on a month to month Lease and Owner Operate the Building. SELLER IS MOTIVATED AND OPEN FOR ALL REASONABLE OFFERS. SELLER WILL ALSO CONSIDER HOLDING FINANCING.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,814 SF
Building Class
C
Year Built
1972
Price
$2,529,930 CAD
Price Per SF
$287.04 CAD
Cap Rate
5.26%
NOI
$133,061 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.62 AC
Zoning
C1 - Neighborhood Commercial
Parking
30 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
53’ on Winkler Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (77)
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-44-24-P1-00012.0070 | Total Assessment | $1,444,417 CAD |
| Land Assessment | $230,380 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,187,627 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
36-44-24-P1-00012.0070
Land Assessment
$230,380 CAD
Improvements Assessment
$1,187,627 CAD
Total Assessment
$1,444,417 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Watersedge Realty Group LLC
3937-3957 Broadway Ave
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