Listing Provided Courtesy of VIP Realty Group IncThis freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5.2% CAP Rate, the current annual gross income is $98,880 with 3% annual escalations. The lease has 8 1/2 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee.
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
Property Details
Price:
$1,700,000
MLS #:
224073635
Status:
Active
Beds:
0
Baths:
0
Address:
3045 Fowler ST
Type:
Commercial
Subtype:
Retail
City:
FORT MYERS
Listed Date:
Sep 8, 2024
State:
FL
Finished Sq Ft:
8,048
Total Sq Ft:
8,048
ZIP:
33901
Lot Size:
25,047 sqft / 0.58 acres (approx)
Year Built:
1981
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Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$10,646
Map
Community
- Address3045 Fowler ST FORT MYERS FL
- CityFORT MYERS
- CountyLee
- Zip Code33901
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