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Key Details
Sold Price $5,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 221020351
Sold Date 06/10/21
Construction Status Resale
HOA Y/N No
Year Built 1988
Annual Tax Amount $39,292
Tax Year 2020
Lot Size 3.033 Acres
Acres 3.0328
Property Sub-Type Retail
Property Description
Prime location for this 29 unit Retail Shopping center. Almost fully occupied! Parking in the front and rear of building. This building has 34,446 rentable sq ft, with only 7,000 sq ft unoccupied at this time. unit 111-115 (5000 Sq Ft) have been in place for 4 years and are on a month to month, unit 213 (1200 Sq Ft) have been in place for 4 years and are on a month to month. If you were to purchase and rent to unrented Square footage, this would increase your cap rate to 7.99 %
Location
State FL
County Lee
Area Bn09 - Spanish Wells
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Utilities Available Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
Waterfront Description None
Garage No
Building
Story 1
Construction Status Resale
Others
Senior Community No
Tax ID 04-48-25-B3-00027.2010
Financing Other
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Bought with Premiere Plus Realty Co.