Catylist ID:
#30798666
For Sale | 100% Leased | 5.78% Cap Rate
Retail-Commercial
for Sale
| Catylist Listing ID: | 30798666 |
| Property Subtypes: | Free-Standing Building, Street Retail |
| Building Size (RSF): | 8,189 SF |
| Gross Land Area: | 0.53 Acres |
| Sale Price: | $2,200,000 |
| Unit Price: | $268.65 PSF |
| Property Use Type: | Investment |
| Building Name: | Courtney Plaza |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 5.78% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 1/18/2023 |
Overview / Comments
|
• Property is directly across from EDISON MALL and on same signalized intersection as entrance to Mall. This location has great visibility. Pylon and marquee signage. • FULLY LEASED! The property was renovated in 2017 and 2018 with a whole new roof and exterior paint job plus one unit. • Cleveland Ave. (US 41) is the main north/south thoroughfare. • Request OM - Confidentiality Agreement is required. |
Attachments & Media
Additional Details
| Nearest MSA: | Cape Coral-Fort Myers |
| County: | Lee |
| Tax ID/APN: | 354424P3000680090 |
| Zoning: | C1 |
| Market Type: | Medium |
| Retail Clientele: | General, Business |
| Property Located Between: | Colonial Blvd. and Winkler Ave. |
| Side of Street: | West |
| Road Type: | Paved, Highway |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US 41 |
| Feet of Frontage: | 113 |
| Traffic/Vehicle Count: | 36,000 |
| Transportation: | Bus, Highway, Airport, Taxi |
| Highway Access: | U.S. 41 frontage / 5 miles to I-75 exit 136; 11 minutes to Del Prado Blvd. via Veterans Pkwy. (Cape Coral) |
| Airports: | RSW |
| Site Description: | Level site with in/out on Cleveland and in/out on Courtney Dr. Signalized Intersection |
| Area Description: | Major commercial / retail district |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Property Condition: | Good |
| Year Built: | 1970 |
| Year Renovated: | 2018 |
| Construction/Siding: | Concrete |
| Exterior Description: | CBS |
| Parking Type: | Surface |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Zoning Description: | Commercial Intensive (CI), City of Fort Myers |
| Lot Frontage: | 113 |
| Lot Depth: | 203 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | PARL IN NE 1/4 OF SE 1/4 DESC IN OR 997 PG 788 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,650 | 71,867 | 164,752 |
| Median Age: | 36.49 | 40.03 | 43.62 |
| Households: | 4,408 | 30,652 | 70,846 |
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