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1741 Colonial Blvd
Fort Myers, FL 33901
Asking Price
$705K
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 0.95 acres <ul><li>Approximately +0.95 acres (41,470 square feet) of vacant commercial and single-family residential land</li><li>Planned development site, see conceptual plans on 2nd page</li><li>+ 218’ feet of frontage along Colonial Blvd with high traffic counts (58,000+ AADT)</li><li>Prime location on Colonial Blvd, at a signalized intersection</li><li>Positioned in a rapidly developing area, including the Royal Palm development project</li></ul>
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NOI
$80,000
Cap Rate
11.35%
DSCR
1.91
Strong
Cash-on-Cash
18.04%
Monthly Payment
$3,487.955
Annual Cash Flow
$38,144.536
