This commercial strip plaza offers 6 units and a warehouse, totaling 6, 400 square feet. Zoned CN1, this property is ready for a variety of retail, office, or business uses. The plaza features a spacious, front paved parking lot to accommodate tenants and customers and a large rear lot for tenant use. It has updated LED lighting and dusk-to-dawn sensors for added security and convenience. In 2004, a new sewer line was installed and sewer clean outs were replaced 2023. After Hurricane Ian, the marquis sign was replaced in 2023. The building exterior has been refreshed with stucco repairs, a new paint job, and new gutters installed in 2023. Additionally, the roofing system was updated with a new rolled flat roof and metal mansard, inspected and finalized in 2023. New soffit vents and lighting, including reinstalled LED parking lot light at the front, enhance the property's curb appeal and functionality. In 2024, all backflows were replaced, further solidifying this plaza's appeal as a low-maintenance investment. Each unit has been individually updated over the years to meet modern standards. Unit 101 received a new split AC unit in 2018, while Unit 103 was remodeled in 2021 with new flooring, paint, and interior wall changes, followed by the installation of a new split AC unit in 2023. Unit 104 underwent an interior remodel in 2006, including electrical and plumbing upgrades. Unit 105 received a brand-new rooftop AC system May 2024. Unit 106 has been updated with a new AC package unit in 2015, repiped plumbing with PVC in 2019, and window films were replaced in September 2023. This commercial strip plaza presents a unique opportunity for investors looking for a solid commercial real estate asset in a high-demand area of Fort Myers near Fort Myers Beach and Sanibel. Currently there are 4 tenants in place and 2 vacant units ready for new tenants. New tenants are not being instilled due to sale of property. Don't miss out on this well maintained, income-generating property!
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,020,000 | $1,020,000 | $1,020,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.851% | 6.790% |
Monthly Tax Payment | $555 | $555 | $555 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,531 | $6,616 | $8,956 |
Total Monthly Payment | $7,211 | $7,296 | $9,636 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.