N. FORT MYERS -Investment Income Property - 8.0% CAP Rate
Property Overview
4750 Bayline Dr., North Fort Myers, FL 33917
Fully leased, 5-unit income property. This freestanding retail, medical, office/showroom-warehouse building is great for an owner/user, investor or a combination of both. Use some space, rent some space. 4 retail or office suites and 1 office/warehouse space. Suites have separate restrooms. A new TPO roof and 7 new air conditioners were completed in February 2022.
Building Size: 9,273± SF / Land Size: 1.42± Acres includes 0.5 acres excess land for future development \ Proforma NOI: $92,897 \ Zoning: C-1A (Lee County) \ Year Built: 1976 \ 40 Parking Spaces \ Pylon Signage \ 2021 Traffic Count: 29,200 AADT \ Property Taxes: $7,997.16 (2021) \ Frontage on Bayshore Road \ Strap #02-44-01-00013.0010
Property Details
| For Sale: | Yes |
|---|---|
| Use Type: | Net Leased Investment (NNN) |
| Status: | Sold |
| Street Address: | 4750 Bayline Dr. |
| City: | North Fort Myers |
| Postal Code: | 33917 |
| County: | Lee |
| Construction Status: | Existing |
| Asking Sale Price: | $1,160,000 |
| Cap Rate: | 8% |
| Terms: | Cash to Seller |
| Building Size: | 9273 SF |
| Tenancy: | Multiple Tenants |
| Percent Occupied: | 100% |
| Number of Stories: | 1 |
| Year Built: | 1976 |
| Zoning: | C-1A |
| Legal Description: | STRAP #02-44-01-00013.0010 |
| Number of Units: | 5 |
