Owner occupant opportunity with income

Office for Sale
Catylist Listing ID: 30335134
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 3,264 SF
Sale Price: $375,000
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2018

Overview / Comments

3,264+/- square foot, freestanding, two-tenant condominium office building
o Suite 1: 1,872 SF leased to medical practice through December 31, 2019 (tenant in place since 2006).
o Suite 2: 1,392 SF occupied by Seller who will vacate at closing. Suite features:
- Quality finishes and fixtures throughout
- Waiting area with half bath and receptionist station
- Conference room
- Kitchen with dishwasher
- Two offices – one is a large principal office that could be divided
- Full bathroom with shower
- Storage room with second shower
- Windows on north and east sides of unit
• Below market rental rate provides upside potential
• Built in 1986
• Great College Corridor location - convenient to everything
• Ample parking
• World Plaza is an exceptionally well-maintained, professionally-managed south Fort Myers office park.
• Very low association fees - $2.43/sf/year – includes roof replacement, exterior painting, building insurance, and park maintenance.
• Real Estate Taxes : $4,043 (2017)

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 14-45-24-42-00000.0260
Is Condo?: Yes
Zoning: CPD
Property Located Between: US 41 and Summerlin Road north of College Parkway
Property Visibility: Good
Year Built: 1986
Roof Type: Hip
Construction/Siding: Block
Exterior Description: Concrete Block construction with lap siding.
Parking Type: Surface
Sprinklers: None
Air Conditioning: Package Unit
Zoning Description: CPD
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: condo association

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,085 69,390 159,527
Median Age: 45.86 48.05 48.08
Households: 6,831 33,614 73,449


Photograph of Listing Agent

James Tamblyn

Colliers International SW FL
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