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3653/3657 CENTRAL AVE FORT MYERS FL 33901
FORT MYERS, FL 33901
Asking Price
$1.10M
Asset Type
Medical Office Office
Class
Class B
What's Special
Former Medical facility and currently a church <p></p><p><span style="color: rgba(230, 232, 240, 1)">Key aspects of the redevelopment plan include:</span></p><ul><li><ul><li><strong>Midtown Vision Plan:</strong> A plan targeting 243 acres south of downtown to add 4,000+ residential units, commercial office space, and 5 acres of public space, turning it into a dense, walkable urban center.</li><li><strong>Downtown & Riverfront:</strong> Upgrading the downtown core, including the yacht basin, retail, and hotels to connect with the riverfron
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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602
