2252 First St #108 St - Apartments CONDO FOR SALE


Fort Myers, FL 33901- Downtown Fort Myers
$899,000 USD
239-989-3362
2252 First St #108 St, Fort Myers, FL for Sale
$899,000 USD
Apartments CONDO - FOR SALE
1/26
null | 6.58% Cap Rate

2252 First St #108 St
Fort Myers, FL 33901
Downtown Fort Myers


HIGHLIGHTS

  • High Foot Traffic Location 1st St and Hendry St - Downtown River District
  • 4+ Years Remaining Term with 6.5% CAP w/ Escalations
  • Renovated Building and space shows very well

OVERVIEW

Prime Retail Storefront location in the heart of downtown Fort Myers located directly on 1st Street at corner of Hendry and 1st. This is one of the highest foot traffic locations in all of Lee County. This space is a commercial condo located on the ground floor in the Historic Earnhardt Building with a total leasable sf of 2200 sf which includes a fully permitted Mezzanine which represents 321sf. The space shows very well and the current tenant is a very experienced operator and very reliable tenant. This sale is the commercial condo only not including the business. The cap rate is 6.5% with escalations and the term expires 10/2029. The current use is Retail/storefront but this space could be modified for a restaurant/other use in the future if desired. Please contact agent for Rent Roll OPEX / NOI breakdown and to schedule your personal tour.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.58%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2252 1st St - condo only no business

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

36,194.484 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,780 SF

ZONING

Comm

APN/PARCEL ID

13-44-24-P4-02900.0101

ASK ABOUT THIS PROPERTY

Patrick MorrisBarclay's Real Estate GroupMore Info
239-989-3362

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Patrick MorrisBarclay's Real Estate GroupMore Info
239-989-3362

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