Ortiz Commercial Building 1

Retail-Commercial for Sale
Catylist Listing ID: 30338950
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 10,120 SF
Gross Land Area: 1.55 Acres
Sale Price: $1,265,000
Unit Price: $125 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 10,120 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/5/2020

Overview / Comments

Built in 2009 and never built out until now. Building is presently being demised into 7 units. The south end of the building will be prepared for a 3,036 sf laundry (3 units). The north end will be prepared for a 2,024 sf convenience store (2 units). The mid units will be demised into 5 - 1,012 sf units. The building (units) are available for lease as well. The rate is $16 per sq. ft. NNN. At closing there will be deed restrictions preventing stores selling meat and produce and latin cuisine restaurants. Owner financing available

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: City of Fort Myers
Tax ID/APN: 09-4425-P3-0240B.0000
Zoning: PUD
Retail Clientele: General, Family, Business
Property Located Between: Ballard and Tice
Property Visibility: Good
Largest Nearby Street: Ortiz Ave.
Feet of Frontage: 325
Highway Access: Traffic counts along Ortiz is 20,600 north of M.L.K. and 7,000 trips north of Tice Street
Area Description: Up the street for a very busy retail market (Ortiz flea market, LaMexicana market and restaurant.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,012 SF
Property Condition: Excellent
Year Built: 2009
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Impact windows, fire sprinkler riser, 10 store fronts (units)
Total Parking Spaces: 70
Parking Type: Surface
Sprinklers: Wet
Air Conditioning: Engineered System
Zoning Description: Commercial component to the Habitat for Humanity residential development
Part of Planned Development?: Yes
Lot Frontage: 325
Lot Depth: 210
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,183 38,863 109,233
Median Age: 30.58 37.21 40.13
Households: 2,438 14,211 43,406


Photograph of Listing Agent

David Zorn

DR Zorn & Associates, LLC
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