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47 Front St 7,500 SF 100% Leased Flex Building Marco Island, FL 34145 $1,995,000 ($266/SF) 3.01% Cap Rate
Executive Summary
Original self storage concrete buildings on Marco Island, substantially occupied with income upside. Mid island location. Nearly half acre of solid land, C4 zoning, corner location of Front St & First Ave. Ideal for many operating uses and could be redevelopment opportunity. Street parking available also. Adjacent to Condee Cooling & Electric grounds. Easy vehicle access from two directions. Typical unit is size of single car garage approx 11 x 21 with 7ft roll up garage door. All concrete. Some units have been combined for larger space.
Property Facts
| Price | $1,995,000 | Building Class | C |
| Price Per SF | $266 | Lot Size | 0.48 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 7,500 SF |
| Cap Rate | 3.01% | No. Stories | 1 |
| Property Type | Flex | Year Built | 1977 |
| Property Subtype | Light Distribution | Parking Ratio | 0.53/1,000 SF |
| Zoning | MARCO - C4 commercial Marco Island zoning allows broad range of medium intensity uses. Property has been used as storage for years with some small businesses. | ||
| Price | $1,995,000 |
| Price Per SF | $266 |
| Sale Type | Investment or Owner User |
| Cap Rate | 3.01% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.48 AC |
| Rentable Building Area | 7,500 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Parking Ratio | 0.53/1,000 SF |
| Zoning | MARCO - C4 commercial Marco Island zoning allows broad range of medium intensity uses. Property has been used as storage for years with some small businesses. |
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Marco Patriots
- -
- -
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$9.99
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Lorem Ipsum
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Marco Patriots | - | - | $9.99 | Lorem Ipsum | - |
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 59083440007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $834,618 |
Property Taxes
Parcel Number
59083440007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$834,618
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47 Front St
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