Cape Coral Investment property with business

Retail-Commercial for Sale
Catylist Listing ID: 30795273
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail, Vehicle Related, Other
Building Size (RSF): 4,486 SF
Gross Land Area: 16,875 SF
Sale Price: $1,074,000
Unit Price: $239.41 PSF
Has Drive-Thru? Yes
Property Use Type: Investment, Business
Building Name: In and Out Beverage Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2022

Overview / Comments

Excellent investment opportunity to acquire a free-standing building with 3 retail/office rental spaces along with a fully operational turn-key Drive Thru Beverage Center business. The business has been in this high visibility, high traffic location for over 40 years. Current owner has recently increased business by expanding operating hours and adding Florida Lottery services. This is a package deal and the asking price includes the Real Estate and the business. The Drive Thru occupies 2,243 SF and the 3 rental units occupy the remainder of the building. The Check Cashing tenant has been a tenant for over 30 years at this location. Right now the other 2 units have been left available in the event that the new owner has other business ventures to put on site. Units are easily leased. This is a great opportunity for a family owned and run business.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 194424C2007830290
Zoning: C
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Veterans Parkway and Viscaya Parkway
Property Visibility: Excellent
Largest Nearby Street: Del Prado Blvd.
Feet of Frontage: 120
Traffic/Vehicle Count: 53,000
Highway Access: Del Prado Blvd.
Site Description: Corner lot with alley access
Area Description: High growth area in one of SW Florida's fastest growing cities.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Construction/Siding: Block
Parking Type: Surface
Zoning Description: Commercial allowing many retail, office, and business uses.
Lot Frontage: 120
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,952 68,213 183,251
Median Age: 44.17 43.54 42.99
Households: 3,663 27,272 75,879

Contact

Photograph of Listing Agent

Jack Britton, CCIM

Professional Realty Consultants
SWFLCA Member
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