LEHIGH ACRES - Investment Income Property
Property Overview
5513 8th Street W., Lehigh Acres, FL
Located in Lehigh Acres, Florida, the property is a neighborhood retail center, consisting of 14,766 useable square feet. The property is situated on 1.44+/- acres. The common building areas are well maintained with some minimal deferred maintenance. The property is professionally managed.
There are ten rental units, ranging in size from 1,250 square feet to 2,475 square feet. The tenants include, Fantasy World Academy Child Development Center, K Furniture, Detail Cutz Barber Shop and Herbalife Nutrition Club, among others.
The property is located in western Lehigh Acres, just east of SR 82 with easy access to I-75, Daniels Road, downtown Ft. Myers Central Business District, RSW International Airport and all of Lee County.
Property Details
| For Sale: | Yes |
|---|---|
| Property Type: | Retail-Commercial |
| Subtype: | General |
| Use Type: | Net Leased Investment |
| Status: | Sold |
| Street Address: | 5513 8th Street W. |
| City: | Lehigh Acres |
| Postal Code: | 33971 |
| Construction Status: | Existing |
| Asking Sale Price: | $2,100,000 |
| Cap Rate: | 6% |
| NOI: | $133,656 |
| Building Size: | 14766 SF |
| Tenancy: | Multiple Tenants |
| Percent Occupied: | 100% |
| Number of Stories: | 1 |
| Year Built: | 1969 |
| Year Renovated: | 2007 |
| Land Size: | 1.44 Acres |
| Zoning: | CC |
| Legal Description: | 30-44-26-01-00008.0200 |
| Number of Units: | 10 |
