18070 Tamiami Trl 105, FORT MYERS, FL – $285,000

  • $285k Price
  • 1,930 Sqft
  • .71 Acres
  • 78 DOM
  • $285k Price
  • 1,930 Sqft
  • .71 Acres
  • 78 DOM

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18070 Tamiami Trl 105

A VALUE ADD Investment opportunity with a 7.0% CAP rate and just under 2 years left on the existing lease. Current rent at $10.30 psf is well below market and when the lease expires (no tenant options to extend) in April of 2021 you can boost your return by obtaining a higher rental rate that more closely matches the market, around $12 psf currently. This is a triple net lease with tenant, Crave It Fitness, paying all pass-through expenses (condo fees, real estate taxes, etc.) in addition to the base rent of $19,879 per year. Lease also includes a provision that lease can be terminated upon sale of the property, so your buyer may have the tenant vacate with 30-days notice if desired. The property is located in Preserve Plaza, a 16-unit retail/office strip center in San Carlos with great visibility to US 41/S Tamiami Trail.

Essential Information

  • MLS® #219039882
  • Price$285,000
  • Square Footage1,930
  • Acres0.71
  • Year Built2005
  • TypeCommercial
  • StatusActive
  • Days on Market78


Retail-Commercial: Street Retail, Retail-Commercial: Condominium

Community Information

  • Address18070 Tamiami Trl 105
  • AreaFM18 - Fort Myers Area
  • CountyLee
  • StateFL
  • Zip Code33908


  • WaterfrontNone


Electric, Phone Line, Sewer, Trash Removal, Water

Additional Information

  • Days on Market78
  • ZoningCC

Listing Details

  • OfficeSWFL Properties, LLC
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Price Change History for 18070 Tamiami Trl 105, FORT MYERS, FL (MLS® #219039882)

Date Details Change
Price Reduced from $290,000 to $285,000 $5,000 (1.72%)
Price Reduced from $295,000 to $290,000 $5,000 (1.69%)

SWFL Properties, LLC.

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