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$ 3,750,000
Est. payment | /mo
24,935 SqFt
$ 3,750,000
Est. payment | /mo
24,935 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 24,935 sqft
Price per Sqft $150
MLS Listing ID 226013605
Style Resale Property
Year Built 1973
Annual Tax Amount $35,020
Tax Year 2025
Buyer Agency Compensation 2.0%
Lot Size 2.722 Acres
Acres 2.722
Source Naples
Land Area 24935
Property Description
The best passive income property money can buy is being sold for UNDER Appraised value! Over $33,000 a month in gross rent with the ability build an additional 4 stories taller, giving you a solid return on your investment with the potential to add on dozens of more rental units! Located across from the street from the soon-to-be redeveloped Edison Mall, these 4 concrete block buildings sitting on over 2+acres are 95% leased to great, long term tenants with security deposits and advanced rents, mostly in the medical or professional fields and is a very well kept & well run property! Property is grandfathered in for a local well to use for irrigation, saving you a bunch of money on your lawn bill! Simple expenses such as water, landscaping, insurance and taxes. Tenants pay their own electric. 24000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, over 100 parking spaces and borders other commercial properties with residential just up the block. Newer laminate flooring in most units. See Supplements for Offering Packet with full details and appraisal information. Local owner is retiring, this is your opportunity to have a long term investment in a rapidly growing part of Fort Myers.
Location
State FL
County Lee
Zoning CI
Interior
Cooling true
Inclusions Building And Land
Fireplace No
Exterior
Utilities Available Electricity Connected, Water Connected
Waterfront Description None
Total Parking Spaces 115
Garage No
Building
Story 1
Level or Stories 1
New Construction No
Others
Senior Community No
Tax ID 36-44-24-P1-00015.0000
Listed by Cachon Realty Group. LLC • Marc Middleton
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