1620 Medical Lane

Office for Sale
Catylist Listing ID: 30357969
Property Subtypes: Office Building
Building Size (RSF): 27,867 SF
Gross Land Area: 1.66 Acres
Sale Price: $1,750,000
Unit Price: $62.80 PSF
Property Use Type: Business
Building Name: Colonial Executive Center
Class of Space: Class C
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/7/2020

Overview / Comments


Office/medical investment includes 27,867± SF total space between two buildings. The main building is multi-story with 26,342± SF, and the single-story building is 1,525± SF.

Land size is 1.66± acres and the grounds have approximately 86 parking spaces.
Current tenants include AmeriPath and Quest Diagnostics. Excellent location one block off Colonial Boulevard, near Mid-Point Bridge.

Traffic count as of 2019 - 56,600±.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: Lee County
Tax ID/APN: 02-45-24-P2-00300.0050
Property Located Between: Summerlin Rd & US 41
Property Visibility: Good
Airports: RSW
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1974
Zoning Description: Commercial Office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,818 74,416 173,054
Median Age: 38.48 41.24 45.16
Households: 5,040 32,211 75,914


Photograph of Listing Agent

Michael J. Frye, CCIM|CEO

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