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4599-4607 Fowler ST Fort Myers, FL 33907
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Key Details
Sold Price $7,200,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 70,043 sqft
Price per Sqft $102
MLS Listing ID 222015988
Year Built 1973
Annual Tax Amount $58,946
Tax Year 2021
Lot Size 3.000 Acres
Property Sub-Type Retail
Property Description
BACK ON THE MARKET!! 1031 fell through. This 6.72% CAP portfolio consists of six buildings and three warehouses across 3 acres and comprises of over 24,000 SQ FT of AC and over 45,000 SQ FT of non-AC warehousing. Flexible IL zoning allows many variables for this income producing opportunity. A strong demand for industrial producing income properties makes this real estate only sale most attractive. A diverse sector mix of the five current tenants represent below current market lease rates with value and income appreciation for the future. The property has undergone extensive renovation investment including new roof and AC on one building and full maintenance on the others. There are no outstanding repairs or maintenance due since the 2017 renovation investment. There are 124 parking spots, a 3000+ SF workshop, a 5600+ SF showroom and another upper show room consisting of an additional 5700 SF plus a large open mezzanine. All buildings are metal frame construction, except 4607 Fowler which is poured concrete construction including the second floor.
Location
State FL
County Lee
Area Fm07 - Fort Myers Area
Exterior
Fence Yard Fenced
Utilities Available Electricity Available, Phone Available, Trash Collection, Water Available
Waterfront Description None
Building
Story 2
Read Less
Bought with Alliance Realty Group
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