3045 Fowler Fort Myers, FL 33901
FOR SALE - Active
$1,700,000
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 8,048 ft2/747.68 m2
- Price Per: $211.23 ft2/$2,273.69 m2
- Type: Commercial/Investment
- Built: 1981
- HOA: No info
- MLS Number: 224073635
- View No info
- On Site: 81 days
- Updated: Listing Refreshed: 81 Days Ago
This 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
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 09/08/2024 | Listed | $1,700,000.00 | $211.23 ft2/$2,273.69 m2 |
Contact Information
Luis Venegas
Real Estate Advisor
Office: (239) 690-6170
Specialties:
Luxury Communities, Waterfront Single Family Homes
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