5261 Pine Island Rd NW - Storefront Retail/Office FOR SALE


Bokeelia, FL 33922
$1,600,000 USD
239-910-4085
5261 Pine Island Rd NW, Bokeelia, FL for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | Request Cap Rate

5261 Pine Island Rd NW
Bokeelia, FL 33922


HIGHLIGHTS

  • Newly remodeled 6 unit office retail complex
  • Unit 106 has 3 phase electric
  • 5 new A/C units
  • High traffic counts on Pine Island Rd

OVERVIEW

6 unit concrete block and stucco office/retail investment building located on Pine Island, FL, across from recently completed Publix shopping center. The interior of each unit has been remodeled after Hurricane Ian with new flooring, walls and ceiling. The building has 5 new A/C units, a metal roof, storm shutters, septic with a lift station, and county water. 3 of the units are leased at $1,250 per unit per month. Each unit contains 784 sf. The current rental rate is $19.13 psf per year on a gross basis. To the rear of the site there are two separate wood frame storage areas containing 480 sf and 420 sf respectively. There is a separate wood barn structure that contains 1,800 sf. The site contains 27,054 sf. The current coverage ratio suggest the possibility of surplus land for expansion. CC zoning allows many commercial uses.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$333 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

CC

APN/PARCEL ID

28-44-22-00-00022.0000

ASK ABOUT THIS PROPERTY

Stephen CunninghamSVN | Commercial PartnersMore Info
239-910-4085

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Stephen CunninghamSVN | Commercial PartnersMore Info
239-910-4085

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