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- LoopNet Team
2252 First St #108 St
Fort Myers, FL 33901
2252 1st St - condo only no business · Multifamily Property For Sale
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16 Units
INVESTMENT HIGHLIGHTS
- High Foot Traffic Location 1st St and Hendry St - Downtown River District
- Renovated Building and space shows very well
- 4+ Years Remaining Term with 6.5% CAP w/ Escalations
EXECUTIVE SUMMARY
Prime Retail Storefront location in the heart of downtown Fort Myers located directly on 1st Street at corner of Hendry and 1st. This is one of the highest foot traffic locations in all of Lee County. This space is a commercial condo located on the ground floor in the Historic Earnhardt Building with a total leasable sf of 2200 sf which includes a fully permitted Mezzanine which represents 321sf. The space shows very well and the current tenant is a very experienced operator and very reliable tenant. The cap rate is 6.5% with escalations and the term expires 10/2029. The current use is Retail/storefront but this space could be modified for a restaurant/other use in the future if desired. Please contact agent for Rent Roll OPEX / NOI breakdown and to schedule your personal tour.
PROPERTY FACTS
