Ortiz Commercial II

Retail-Commercial for Sale
Catylist Listing ID: 30338978
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 6,765 SF
Gross Land Area: 0.98 Acres
Sale Price: $879,450
Unit Price: $130 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 6,765 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/11/2023

Overview / Comments

5 units 6,765 square foot with 5 store fronts (units - 1,353 sf each) built in 2008. Currently the building is in grey shell condition. At closing there will be deed restriction preventing the uses of stores that sell meats and produce and restaurants that serve lartin cuisines.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: City of Fort Myers
Tax ID/APN: 09-4425-P3-0240A.0000
Zoning: PUD
Property Located Between: Lucket Rd and Tice St.
Property Visibility: Excellent
Largest Nearby Street: Ortiz Ave.
Feet of Frontage: 195
Highway Access: Traffic counts along Ortiz Ave north of MLK is 20,600 and north of Tice is 7,000 trips.
Area Description: Heavy traffic (vehicle and foot)
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,353 SF
Property Condition: Excellent
Year Built: 2009
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Fire sprinkler riser, fresh paint (2017)
Total Parking Spaces: 47
Parking Type: Surface
Parking Description: Front of the building
Sprinklers: Wet
Air Conditioning: Engineered System
Interior Description: grey shell
Zoning Description: PUD
Part of Planned Development?: Yes
Lot Frontage: 195
Lot Depth: 220
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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