Historic Bradford Block & Development Site

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30237378
Property Subtypes: Mid-Rise
Status: Pending
Number of Units: See Agent
Building Size (RSF): 103,805 SF
Gross Building Area: See Agent
Gross Land Area: 172,999 SF
Sale Price: $1,990,000
Building Name: Bradford Historical Building
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

This offering generally known as the "Bradford Historical" Building and a vacant 2.37 acre development site is located within the heart of the River District of downtown Fort Myers. This trophy location is one of a kind!

Site: 70,166 sf
Gross Building Area: 103,805 sf,
Net Usable Area: 20,693 commercial sf PLUS 36,598 sf Commercial PLUS 31,768 sf for 41 apartments yielding 89,059 sf of usable square footage.
Financial information after CA execution: 2011-2016 P + L Statements and Rent Roll
Much more detailed information such as surveys, leases, and building plans available
Includes an additional development site of approximately 18,000 sf located on the corner of Hendry St and Bay St, where a non-historic building and parking lot currently exist.

Total site area: 102,833 sf from survey
Existing parking for 170 spaces for residential tenants and commercial
Residential leases include parking. Leases not longer than one year.
This total area includes the two parcels that are separated by Hall of 50 states. Buyer should consider acquiring this parcel.
Largest vacant development site with the River District.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Zoning: U-CTR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,812 54,893 149,461
Median Age: 40.62 39.87 42.88
Households: 2,421 22,357 62,006


Photograph of Listing Agent

Stephen A. Cunningham, MAI

SVN | Kova Fort Myers SWFLCA Member
Photograph of Listing Agent

Bryan J. Myers

SVN Kova Fort Myers
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