INVESTMENT OPPORTUNITY WITH 6% CAP RATE | PRESERVE PLAZA CONDO | S. TAMIAMI TRAIL | US41

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18070 S. Tamiami Trail, Unit 106, Fort Myers, FL 33908

Listing Description

This well maintained Neighborhood Center condo is fully leased and available for sale as an investment property.  The current tenant has a three year, triple net lease, with 3% annual escalations and a lease expiration date of March 28, 2025.  The current NOI is $25,142 annually.  The C1-A zoning has many allowable office and retail uses and the layout consists of a large open showroom/reception area, a large open workspace with overhead door for deliveries, one restroom and an additional restroom that is plumbed for service and is fully air conditioned with two A/C units.  

The property is located on the west side of US41 with easy access via the lighted intersection of S. Tamiami Trail and Constitution Blvd.  The population within a 5 mile radius is 89,569± and the FDOT reported the AADT (Annual Average Daily Traffic) to be 42,500 Cars Per Day in 2020. 

Additional Information
Association Fees:  $1,418.50 Per Quarter
Parking:  113 Shared Surface Spaces
Overhead Door:  (1) 10' x 8'
Ceiling Height:  10'9"

Additional Information

Investment
$419,900
2005
1,930± SF Condo Unit
18-46-25-27-00000.0106

Additional Files

Agent Information

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Lisa Farrell-Sands

Email: LSands@vipcommercial.com
Phone: (239) 489-3303
Cell Phone: (239) 470-5582

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