Redevelopment - 18 to 22 units/acre

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30257659
Property Subtypes: Business Park, Executive Suites, Office Building
Building Size (RSF): 35,519 SF
Gross Building Area: See Agent
Gross Land Area: 3.60 Acres
Sale Price: $3,600,000
Unit Price: $101.35 PSF
Property Use Type: Investment
Building Name: Corporate Quarters
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2019

Overview / Comments

3.6 acre redevelopment site on US 41 along Caloosahatchee River. Property currently includes two restaurant buildings frontage on US 41, a three building office complex, a storage building, and additional land. The property is located in North Fort Meyers just across the bridge from downtown Fort Myers. Current zoning allows from 18 to 22 units per acre.

Portfolio Sale ready for redevelopment:

Lot #1: STRAP: 11-44-24-00-00017.4A7A, 80063.28 sf (1.838 acres)
Lot #2: STRAP: 11-44-24-00-00017.4B5A, 16400.00 sf (0.376 acres)
Lot #3: STRAP: 11-44-24-00-00017.4B20, 32800.60 sf (0.753 acres)
Lot #4: STRAP: 11-44-24-00-00017.4A70, 25220.00 sf(0.579 acres)

Attachments & Media

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 11-44-24-00-00017.4A7A; 11-44-24-00-00017.4B5A; 11-44-24-00-00017.4B20; 11-44-24-00-00017.4A70
Property Located Between: North Key Dr. and Hancock Bridge Road
Property Visibility: Excellent
Highway Access: Access to US 41 at signalized intersection of North Key Dr. and US 41
Airports: RSW (Fort Myers International) within 45 minutes. Four Major International Airports within 2.5 hours drive time
Site Description: 275 feet frontage on US 41 access road along the Caloosahatchee River.
Area Description: High traffic retail corridor with restaurants, motels and other retail.
Total Number of Buildings: 6
Number of Stories: 2
Typical SF / Floor: 15,985 SF
Year Built: 1986
Construction/Siding: Stucco
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: multiple parking areas (at each building)
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,153 49,149 148,334
Median Age: 53.05 46.73 43.05
Households: 1,149 21,710 61,080


Photograph of Listing Agent

Bruce S. Preble

Commercial Realty Specialists LLC
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