Commercial Mixed Use

Shopping Center for Sale
Catylist Listing ID: 30838800
Property Subtypes: Mixed Use
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.70 Acres
Sale Price: $2,600,000
Unit Price: $288.89 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2023

Overview / Comments

Building Information:
• 6,000±SF Ground Level Commercial Floor area
• 3,000±SF (6) 1BD, 1BA | 500±SF on the upper levels of the 2-story portions
• Center has always been 100% occupied since 2003 when purchased by current owner
• Re-plumbed since purchase in 2003
• Installed underground water lines from the curb meters to the buildings
• All apartments renovated in 2005 to present
• Apartment appliances & mechanicals inspected/maintained quarterly
• All new A/C systems installed for commercial and residential in March 2023
• New Metal Roof on both 2-story buildings in 2018
• Flat roof installed in February 2023
• Strategically Located –Can Not Be Duplicated

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 264622T20030E0130
Zoning: TCG
Retail Clientele: Business, Other
Property Located Between: Periwinkle Way and Tarpon Bay Rd
Property Visibility: Excellent
Largest Nearby Street: Periwinkle Way
Traffic/Vehicle Count: 21,000
Airports: RSW
Number of Stories: 2
Year Built: 1974
Year Renovated: 2023
Parking Type: Surface
Zoning Description: TCG - Town Center General Commercial District

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,173 5,200 9,084
Median Age: 62.12 64.07 67.22
Households: 614 2,692 4,977


Photograph of Listing Agent

Michael J. Frye, CCIM|CEO

© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Southwest Florida Commercial Alliance nor Moody's assume any liability for errors or omissions.