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
1/5
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

Industrial Sale-Leaseback Investment Opportunity | Latitude Tournament Boats (LTB) Industrial Investment | Sale-Leaseback | Outdoor Storage | Opportunity Zone | Seller Financing Available Rare opportunity to acquire a multi-building industrial investment portfolio with a sale-leaseback, excess industrial outdoor storage, and residential income. The property is occupied by Latitude Tournament Boats (LTB), a fishing boat manufacturer that has been building high-performance tournament fishing boats since 2014. The offering includes two industrial warehouse/manufacturing facilities, approximately 15,000 SF of additional I-1 zoned land, and two income-producing duplex properties. The combination of existing cash flow, industrial zoning, excess outdoor storage, and future redevelopment or repositioning potential creates multiple avenues for long-term value creation. 2725 Lafayette Street – Warehouse A Building Size: ±7,237 SF Year Built: 2009 Ceiling Height: 18’–20’ Construction: Metal Power: 800A / 208V / 3-Phase Heavy Power Sprinklered: Yes Large Overhead Doors: 2 Parking Ratio: 2.30/1,000 SF Land Area: ±1.03 Acres / ±1.38 Acres Total Zoning: I-1 Industrial Opportunity Zone: Yes Tenant: Latitude Tournament Boats (LTB) Sale-Leaseback: 3-Year Term Lease Rate: $10,000/Month 2767–2781 Lafayette Street – Industrial Outdoor Storage / Vacant Lots Two adjacent I-1 industrial-zoned lots totaling approximately 15,000 SF, consisting of approximately 7,500 SF per folio. The additional land provides an attractive opportunity for industrial outdoor storage (IOS), equipment storage, boat storage, vehicle parking, material storage, or future industrial expansion, subject to applicable zoning and governmental approvals. 2737 Lafayette Street – Warehouse B Building Size: ±4,000 SF Year Built: 1990 Ceiling Height: 17’–20’ Construction: Metal Power: 800A / 208V / 3-Phase Heavy Power Sprinklered: Yes Large Overhead Door: 1 Opportunity Zone: Yes Sale-Leaseback: 4–5 Year Term Lease Rate: $4,000/Month 2273–2283 Cranford Avenue – Two Duplex Properties The offering also includes two income-producing residential duplex properties, providing additional diversified cash flow. Year Built: 1956–1988 Duplex 1 Unit Mix: 2BR/1BA + 1BR/1BA Duplex 2 Unit Mix: 1BR/1BA + 1BR/1BA Combined Residential Income: $4,800/Month Flood Zone: X Investment Summary Gross Income: $225,600/Year Monthly Gross Income: $18,800 2024 Property Taxes: $22,068.17/Year Insurance: Self-Insured by Current Ownership Seller Financing: Available This offering is well suited for an investor seeking an industrial sale-leaseback investment with existing income and multiple potential value-add components. The Latitude Tournament Boats leaseback provides immediate industrial cash flow, while the duplex properties generate supplemental residential income. A key component of the opportunity is the approximately 15,000 SF of excess I-1 industrial-zoned land, offering potential for outdoor storage, additional rental income, expansion, or future redevelopment, subject to applicable approvals. Investment Highlights: Industrial sale-leaseback • Latitude Tournament Boats • I-1 industrial zoning • ±11,237 SF of warehouse/manufacturing space • heavy 3-phase power • ±15,000 SF excess industrial land • outdoor storage potential • Opportunity Zone • residential income • value-add potential • seller financing available.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$213 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

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George SmithSmith Commercial Property GroupMore Info
305-359-6119

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