2273-2275 Cranford Ave - Warehouse FOR SALE


Fort Myers, FL 33916- Lincoln Park
$2,900,000 USD
305-359-6119
2273-2275 Cranford Ave, Fort Myers, FL for Sale
$2,900,000 USD
Warehouse - FOR SALE
1/2
null | 6.6% Cap Rate

2273-2275 Cranford Ave
Fort Myers, FL 33916
Lincoln Park


HIGHLIGHTS

  • Free Standing Warehouses
  • Outdoor Storage
  • Excess Land for Development or Storage
  • (2) Duplexes as upside or cashflow
  • Solid Credit Tenant (LTB Boats)

OVERVIEW

SALE LEASE-BACK LATITUDE TOURNAMENT BOATS (LTB) Since 2014 Building the Nation's top Fishing boats WAREHOUSE A: 2725 LAFAYETTE ST. RBA: +-7,237 SF. Year Built: 2009 18'-20' Ceiling Height Construction: MetalPower: 800a/208v 3p Heavy Sprinklers: Yes Opportunity Zone: Yes Large Overhead Doors: (2) Parking: 2.30/1000 Land Acres: 1.03 AC. (1.38 AC. Total) Zoning: I-1 Sale Leaseback: 3 Yr. TermRate: $10,000/month Tenant: Latitude Tournament Boats (LTB) VACANT LOTS: (2) - 2767-2781 LAFAYETTE ST. Zoning: I-1(Industrial)Lot size: 7,500 SF. (per folio)Total size: 15,000 SF.Ideal for excess outdoor storage. WAREHOUSE B: 2737 LAFAYETTE ST. RBA: +- 4,000 SF.Year Built: 199017'-20' Ceiling HeightConstruction: MetalPower: 800a/208v 3p HeavySprinklers: YesOpportunity Zone: YesLarge Overhead Doors (1)Sale Leaseback: 4-5 Yr. TermMonthly: $4,000/month DUPLEXES: (2)2273-2283 Cranford Ave. Built: 1956-1988Unit mix: 2/1 + 1/1Unit mix: 1/1 + 1/1Total Income: $4,800/month Flood Zone: X Gross Income:  $225,600/Yr., or $18,800/month  Property Taxes: $22,068.17/Yr. (2024) Insurance: Self Insured (Seller Finance Available) Ideal for an investor looking for a return with potential upside on the duplexes, as well as the excess 15,000 SF., industrial yard for storage.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.03

LAND SF

44,866

ZONING

I-1

APN/PARCEL ID

24-44-24-P2-02900.0250

ASK ABOUT THIS PROPERTY

George SmithSmith Commercial Property GroupMore Info
305-359-6119

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

George SmithSmith Commercial Property GroupMore Info
305-359-6119

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