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:Sale Pending
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