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)
Street Address:4750 Bayline Dr.
City:North Fort Myers
Postal Code:33917
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
Legal Description:STRAP #02-44-01-00013.0010
Number of Units:5