1357 N Tamiami Trl - Retail FOR SALE


North Fort Myers, FL 33903
$1,750,000 USD
937-232-3070
1357 N Tamiami Trl, North Fort Myers, FL for Sale
$1,750,000 USD
Retail - FOR SALE
1/18
null | Request Cap Rate

1357 N Tamiami Trl
North Fort Myers, FL 33903


HIGHLIGHTS

  • Value-Add potential - under market, short term leases
  • Surrounded by new construction apartment buildings
  • High traffic count, close to downtown

OVERVIEW

SELLER FINANCING 50% down, 3 yr balloon @9% Located on a busy stretch of Tamiami Trail, this 8,126 sq. ft. commercial building sits on 0.83 acres of highly visible frontage, offering flexible C2 zoning for office, medical office, or retail use. Close proximity to 3 new construction apartment buildings, such as the Alary (272 units), Horizon Tamiami (468 units), Hancock Bridge Square (320 units) etc... Key Highlights: Building Size (gross building area): 8,126 sq. ft (Lee County Property Appraiser) Land Size: 0.83 acres, fenced lot, signage. Zoning: C2 – allows for office, medical, or retail uses Location: Direct frontage on N Tamiami Trail with high daily traffic counts 30K+, 2 miles to downtown Fort Myers and I-75 Surrounding Growth: Significant new multifamily construction in the immediate area, boosting demand for retail, medical, and professional services Investment Opportunity: existing leases are approaching expiration, creating an opportunity to increase rents to market levels or for an end user to occupy all or part of the building. This makes it ideal for an investor looking for value-add upside or an owner seeking a flagship location. Potential Uses:Professional Office Suites, Medical/Dental/Clinic, Retail or Showroom, Mixed Office & Retail Value-add: below market rents on short term leases, upcoming expiry. Typical uses allowed in C-2 zoning include: Retail sales & shopping centers (general merchandise, specialty stores, big box retail). Professional & medical offices (banks, real estate, insurance, legal, medical and dental clinics). Personal services (salons, fitness centers, dry cleaners). Hospitality (restaurants, cafes, bars, hotels, motels). Entertainment (indoor recreation, event venues). Automotive services (car sales, car washes etc). Information deemed reliable, though not guaranteed — prospective parties encouraged to verify.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$230 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C-2

APN/PARCEL ID

02-44-24-03-0000A.0260

ASK ABOUT THIS PROPERTY

Joanne FultzFIG Commercial powered by Realty One Group MVPMore Info
937-232-3070

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Joanne FultzFIG Commercial powered by Realty One Group MVPMore Info
937-232-3070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.