Connect

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

New Search X

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

Sub-Type

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

Community Information

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

Amenities

  • WaterfrontNone

Utilities

Electric, Phone Line, Sewer, Trash Removal, Water

Additional Information

  • Days on Market78
  • ZoningCC

Listing Details

  • OfficeSWFL Properties, LLC
Please provide a valid email address.

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.

br Logo The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2019 Southwest Florida MLS organizations.. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Premier Plus Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.