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5261 Pine Island Rd NW
Bokeelia, FL 33922
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly remodeled 6 unit office retail complex
- 5 new A/C units
- Unit 106 has 3 phase electric
- High traffic counts on Pine Island Rd
EXECUTIVE SUMMARY
6 unit concrete block and stucco office/retail investment building located on Pine Island, FL, across from recently completed Publix shopping center. The interior of each unit has been remodeled after Hurricane Ian with new flooring, walls and ceiling. The building has 5 new A/C units, a metal roof, storm shutters, septic with a lift station, and county water. 3 of the units are leased at $1,250 per unit per month. Each unit contains 784 sf. The current rental rate is $19.13 psf per year on a gross basis. To the rear of the site there are two separate wood frame storage areas containing 480 sf and 420 sf respectively. There is a separate wood barn structure that contains 1,800 sf. The site contains 27,054 sf. The current coverage ratio suggest the possibility of surplus land for expansion. CC zoning allows many commercial uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,800 SF
Building Class
C
Year Built/Renovated
1979/2025
Price
$1,600,000
Price Per SF
$333.33
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.62 AC
Zoning
CC - retail' strip mall
Parking
14 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Fenced Lot
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 28-44-22-00-00022.0000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $513,428 |
PROPERTY TAXES
Parcel Number
28-44-22-00-00022.0000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$513,428
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