Listing Provided Courtesy of VIP Realty Group Inc
This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5.2% CAP Rate, the current annual gross income is $98,880 with 3% annual escalations. The lease has 8 1/2 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee.
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport
Property Details
Price:
$1,700,000
MLS #:
224073635
Status:
Active
Beds:
0
Baths:
0
Address:
3045 Fowler ST
Type:
Commercial
Subtype:
Retail
City:
FORT MYERS
Listed Date:
Sep 8, 2024
State:
FL
Finished Sq Ft:
8,048
Total Sq Ft:
8,048
ZIP:
33901
Lot Size:
25,047 sqft / 0.58 acres (approx)
Year Built:
1981
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Financial
Tax Year
2023
Taxes
$10,646
Map
Community
- Address3045 Fowler ST FORT MYERS FL
- CityFORT MYERS
- CountyLee
- Zip Code33901
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Courtesy of VIP Realty Group Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Naples, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Naples, FL. All rights reserved.
3045 Fowler ST
FORT MYERS, FL
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