FORT MYERS - Columbus Square - SOLD
Property Overview
3501-3567 Fowler St., Fort Myers, FL 33901
EXCELLENT INVESTMENT OPPORTUNITY THAT OFFERS ESTABLISHED TENANT BASE AND UPSIDE POTENTIAL
ABOUT THE PROPERTY
A 18-unit, value-add neighborhood shopping center at a signalized corner with a mix of national and local tenants. Property uses include Commercial Intensive (Retail, Office, Restaurant). Located on a heavily traveled 4-lane arterial road just minutes to Downtown Fort Myers, US 41 and I -75.
PROPERTY FEATURES
• Building Size: 30,726± SF
• Lot Size: 2.86± Acres
• New facade in 2016
• Year Built: 1980
• Zoning: C-1 (City of Fort Myers)
• Real Estate Taxes (2018): $40,856
• Occupancy: 85% (11/2018)
• Actual CAP Rate: 8.3% (2018)
• Proforma CAP Rate: 9.4% (2019)
• Parking Ratio: 6.1/1,000 SF (193 Spa
• Tenants include Little Caesar, Subway, Metro PCS, Chiropractor, Bill's 1/2 Price Bedding, Gator Games, Grocery Market, 2 restaurants and more• Possible expansion or outparcel(s) addition
Property Details
| Property Type: | Shopping Center |
|---|---|
| Subtype: | Neighborhood Center |
| Status: | Sold |
| Street Address: | 3501 Fowler Street |
| City: | Fort Myers |
| Postal Code: | 33901 |
| Asking Sale Price: | $2,500,000 |
| Building Size: | 30726 SF |
| Percent Occupied: | 85% |
| Year Built: | 1980 |
