Downtown Ft. Myers Urban Dev.

Multi-Family for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30630704
Property Subtypes: Mixed Use, Other
Number of Units: 6 Units
Building Size (RSF): 4,074 SF
Gross Land Area: 15,930 SF
Sale Price: $899,000
Unit Price: $149,833.33 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 4,074 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/6/2020

Overview / Comments

This property would be a GREAT Airbnb!! The diversity of this location puts the property in the center of many community events, waterfront activities and outdoor recreation opportunities. These attributes have lead to a strong tenant retention track record and has sustained the existing retail business. The two residential cottages were built as Officer's quarters at Buckingham Air Field in 1935 and moved to this location in 1948. They provide three 1bd/1bath units and one efficiency unit as well as storage. The residential units are zoned "Urban General" and although currently being used as residential rentals this zoning allows for a number of commercial uses. All tenants want a year lease. Seller has them month to month so that the new buyer can choose if they want to tenants to stay or not. The adjacent property located at 1602 HOUGH ST. Properties on south side of river (2 SINGLE BUILDINGS, 3 1 BED/1 BATH UNITS & 1 EFFICIENCY Total 8 bed & 6 bath)

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 134424P300409004E
Zoning: URBAN GENERAL & URBAN CENTRAL.
Percent Occupied: 90%
Property Located Between: Fowler, Hough, 1st St & 2nd St.
Highway Access: I-75 & US 41
Airports: RSW & Punta Gorda
Site Description: 1602 HOUGH ST. Is included in the Sale. Outside has been painted light blue. Unique opportunity with this income producing commercial & residential use property just one block south of the Caloosahatchee River. Zoned Urban Gen. & Urban Central. Address also known as 1604 HOUGH ST, 1606 HOUGH ST. SINGLE BUILDINGS, 3UNITS-1 BED/1 BATH & 1 EFFICIENCY. (6 rentals all together. Total 8 bed & 6 bath) 7 parking spaces adjacent to building together with additional shared parking at the Langford Kingston Home with City of Ft. Myers via Shared Use Agreement. The two residential cottages were built as Officer's quarters at Buckingham Air Field in 1935 and moved to this location in 1948. Property is walking distance to historic sites, restaurants/clubs, retail businesses, Ft. Myers Yacht Basin, and high rise condominiums.
Area Description: Unique opportunity with this commercial & residential use property with retail exposure on Fowler St., (Old US 41) just one block from the Caloosahatchee River. Zoned Urban General & Urban Central. Located in Gardners Park area. Property is walking distance to historic sites, restaurants/clubs, retail businesses, Ft. Myers Yacht Basin, and high rise condominiums.
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 1
Year Built: 1912
Year Renovated: 2015
Construction/Siding: Wood Siding
Exterior Description: Florida style charm
Interior Description: Most all units have been remodeled.
Zoning Description: Unique opportunity with this commercial & residential use property with retail exposure on Fowler St., (Old US 41) just one block from the Caloosahatchee River. Zoned Urban General & Urban Central. Located in Gardners Park area.
Part of Planned Development?: Yes
Lot Frontage: 63
Lot Depth: 185
Water Service: Municipal
Sewer Type: Municipal
Legal Description: EVANS JAMES HMSTD. BLK 9 PB1/23 DESC OR 1244/ 2013 LESS R/W OR 2286/2474 & EVANS JAMES HMSTD. BLK 9 PB 1 PG 23 DESC IN OR 730 PG 877

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,451 58,204 136,327
Median Age: 39.96 39.19 43.04
Households: 3,533 22,931 56,963

Contact

Photograph of Listing Agent

Rhonda Keane Milligan

Miloff Aubuchon Realty SWFLCA Member
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