High-Visibility Medical Office Investment with Significant Value-Add Upside (Potential NOI of $120k to $140k) - Three (3) concrete block buildings totaling ±7,816 SF - Six (6) units – ideal for multi-tenant or owner-user configuration - Positioned for medical / professional office use - Strong frontage on Pondella Rd with excellent visibility - Ample parking + easy access for patients and tenants Pricing & Investment Metrics - List Price: $1,699,000 - Price Per SF: ˜ $217/SF - Projected Stabilized Cap Rate: ~8.5% – 10.5% (based on medical lease-up) - Value-add opportunity through lease-up and completion of renovations - Potential to achieve premium medical rents ($24–$28/SF) Medical / Office Opportunity Ideal for: - Medical clinics / urgent care - Dental / specialty practices - Professional office users - Flexible layouts allow for custom tenant buildouts - Strong demand for small-bay medical space in North Fort Myers corridor Value-Add Upside - Mid-redevelopment project – ready for completion Opportunity to: - Increase NOI through leasing - Modernize interiors and exterior aesthetics - Improve signage and branding for tenant visibility - Condo conversion potential (sell units individually) Location Highlights - Located in North Fort Myers, a rapidly growing submarket - Minutes to Cape Coral and Fort Myers - Immediate access to US-41 (Tamiami Trail) - Surrounded by dense residential neighborhoods and expanding commercial activity - High traffic counts and strong local demographics Property Summary - Year Built: 1977 - Total SF: ±7,816 SF - Lot Size: ~1.62 acres - Configuration: 3 buildings | 6 units - Zoning: Commercial (office/medical permitted) Executive Positioning (Investor Angle) - Medical office repositioning play in supply-constrained market - Stabilized NOI upside supports strong yield at current pricing Ideal for: - Private investor - Medical user/investor hybrid - Developer seeking small-bay lease-up asset