Courtney Plaza

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 29818886
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 7,327 SF
Gross Building Area: 8,189 SF
Gross Land Area: 23,223 SF
Sale Price: $1,195,000
Unit Price: $163.10 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Courtney Plaza
Sale Terms: Cash to Seller
Cap Rate: 10.81%
Last Updated: 6/7/2021

Overview / Comments

• Courtney Plaza is located on the main North/South business thoroughfare (US 41) and directly across from the EDISON MALL and on the same signalized intersection as entrance to Mall.
• This location has great visibility, excellent pylon and marquee signage.
• The property has been renovated in 2017 and 2018 with a whole new roof, exterior paint job plus one unit in 2018.
• Current Tenants: Bridal Shop, Massage, Auto Insurance, Rent to Own, Cash Advance
• Request OM - Confidentiality Agreement Required


Finance Data Year 2020
Net Operating Income $128,636 (Annual)

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Fort Myers
Tax ID/APN: 35-44-24-P3-00068.0090
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: Cleveland Ave. (US 41)
Feet of Frontage: 113
Traffic/Vehicle Count: 49,000
Transportation: Bus, Highway, Airport, Taxi
Highway Access: U.S. 41 frontage / 5 miles to I-75 exit 136, 20 min. to RSW International
Airports: Southwest Regional International Airport (RSW)
Site Description: Level site with in/out on Cleveland and in/out on Courtney Dr.
Area Description: Major commercial / retail district
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1970
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: CBS
Total Parking Spaces: 27
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Common
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite, T1/T3
Zoning Description: Commercial Intensive (CI), City of Fort Myers
Lot Frontage: 113
Lot Depth: 203
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: fee simple
Legal Description: PARL IN NE 1/4 OF SE 1/4 DESC IN OR 997 PG 788

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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


Photograph of Listing Agent

Michael J. Frye, CCIM|CEO

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