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Newton Place 7128 Estero Blvd 7,709 SF Vacant Office Building Fort Myers, FL 33931 $3,650,000 ($473.47/SF)
INVESTMENT HIGHLIGHTS
- Busy Island Location Directly Across The Street From Santini Plaza
- Amazing Retail Hub for Fort Myers Beach
- Surrounded By High-rise Condos and High-end Retail
- First Area Of Fort Myers Beach To Recover
EXECUTIVE SUMMARY
The building was damaged during Hurricane Ian. The building was evaluated by the engineer and found to be structurally sound.
The building is under the 50% rule, allowing for substantial rebuilding. The contractor estimates high-end rebuilding cost at $155.00 psf.
The building is under the 50% rule, allowing for substantial rebuilding. The contractor estimates high-end rebuilding cost at $155.00 psf.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
7,709 SF
Building Class
C
Year Built
1979
Price
$3,650,000
Price Per SF
$473.47
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,709 SF
Building FAR
0.26
Lot Size
0.67 AC
Zoning
CO - Fort Myer Beach Zoning Commercial Office
Parking
29 Spaces (3.76 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 03-47-24-W1-00008.0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,086,349 |
PROPERTY TAXES
Parcel Number
03-47-24-W1-00008.0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,086,349
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Newton Place | 7128 Estero Blvd
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