6350 Bayshore North Fort Myers, FL 33917

FOR SALE - Active
$1,300,000

Overview

  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 4,237 ft2/393.63 m2
  • Price Per: $306.82 ft2/$3,302.59 m2
  • Type: Commercial/Investment
  • Built: 1976
  • HOA: No info
  • MLS Number: 223064580
  • View No info
  • On Site: 257 days
  • Updated: Listing Refreshed: 110 Days Ago

The building at 6350 Bayshore Rd - North Fort Myers, FL 33917 is a great free-standing building with 4,242 sqft under air. The building was built in 1976 but completely remodeled with a limited development order permit in 2006-2007. It has amazing visibility and is located on a heavily trafficked road in a great part of town. The property is a nice cash-flowing building that has fresh paint, new offices, and new floor tiles. Hurricane shutters on all windows and doors. Large lighted pylon sign with visibility from both directions of traffic. The only landlord's responsibility is property taxes. Perfect for 1031 Exchanges. DO NOT APPROACH THE TENANT OR GO TO THE BUILDING WITHOUT AN APPOINTMENT. DRIVE BY ONLY. . The current tenant has a 3-year lease with an option to renew for 2 additional years. The cap rate ranges from 5.8% (year 1) to 7% (year 5). Rent increases by 5% each year. Contact me for more information. Buyer must honor lease.

Price History

DateEventPriceChange RatePrice Per
09/06/2023Listed$1,300,000.00$306.82 ft2/$3,302.59 m2

Contact Information

Luis Venegas
Real Estate Advisor
Specialties:
Luxury Communities, Waterfront Single Family Homes
Contact Advisor
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