2260 Dr. Martin Luther King Jr. Blvd

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2260 Dr. Martin Luther King Jr. Blvd

Fort Myers, FL 33901
Asking Price
$1.75M
Asset Type
Retail
Class
Class B

What's Special

2260 Dr. Martin Luther King Jr. Blvd is situated within the Downtown Fort Myers submarket, an area characterized by a mix of government offices, professional services, and historic residential pockets. The property offers direct frontage on a primary east-west arterial road, providing proximity to the Lee County Courthouse and the River District’s dining and entertainment core. Access to the site is supported by the nearby intersection of US-41 and I-75, facilitating transit for commuters and local residents across the greater Fort Myers area. The building’s visibility and positioning are suited for high-traffic retail uses, such as specialty boutiques, convenience services, or drive-thru food and beverage concepts. The local demographics and proximity to administrative hubs suggest a tenant profile focused on daytime office workers and urban residents. Potential occupiers may include service-oriented businesses requiring easy street-level access or showroom-style retail that benefits from the consistent daily vehicle counts along the MLK Jr. Boulevard corridor.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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