Retail Business for Sale in Fort Myers, FL

  • Price: $3.8M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Fort Myers, FL 33907
  • Size: 9,382 SF
  • Year built: 1999

Description

This investment commercial property at 1791 Boy Scout Dr. in Fort Myers, FL 33907 is a retail strip center with a Gross Leasable Area of 9,480 square feet. It is currently 100% occupied by six tenants. The tenant mix consists mostly of local and regional businesses, with one national tenant, Tropical Smoothie Cafe, serving as the anchor tenant on the end-cap with a drive-thru. The property has approximately 270 feet of frontage on Boy Scout Dr. and sits at a signalized intersection offering excellent visibility and accessibility.

Market Context

This retail in Fort Myers, FL is listed for sale at $3,800,000 across 9,382 SF ($405/SF). The building dates to 1999. It has been on the market for 144 days. Compare it against other retail listings for sale in Fort Myers, FL — <a href="/search/sale/retail/florida/fort-myers">view the full market</a>.

As of Q4 2023, the Fort Myers / Naples retail market showed a 2.9% vacancy rate, and rents up 7.4% year over year. Source: Www.lee-Associates.com Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Fort Myers / Naples retail market tightening or softening?
Vacancy is around 2.9%, with asking rents rising year over year (Q4 2023).

Unified Estimate

Low Confidence

$362.83/SF – $490.89/SF

Mid: $426.86/SF

Total estimate for 9,382 SF: $4,004,801

Rate estimator only; cost-of-business estimate unavailable.

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