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Just minutes from Downtown Fort Myers, this multifamily gem in North Fort Myers presents a rare investment opportunity for investors. Encompassing two parcels, the expansive property includes a diverse portfolio of 17 units, including a five-plex, a four-bedroom caretaker unit with an attached apartment, a duplex, and five charming cottages. Renovated in 2018, these residences have undergone a comprehensive transformation, featuring new roofs, electrical systems, plumbing, septic systems, impact doors, windows, and stylish interior remodels. Property is being sold as a portfolio with 15-17 Cypress St PID: 11-44-24-01-00200.0020 Projected increased revenue is evident, with two rooms in the caretaker unit (#F) under renovation and being leased for $1,000 each. This strategic move is projected to elevate the annual rental income, yielding a cap rate of 10.2%. Tenants are responsible for electricity, and a single water meter efficiently serves both parcels. Recent septic system installed - saving you peace of mind that all renovations have been made. Adding to the property's appeal, an on-site caretaker oversees day-to-day management. The property is also Section 8 approved! The surrounding area's economic vitality further enriches the investment landscape, with an average household income of $66,472 annually within a 5-mile radius. A projected annual population growth of 3.44% from 2023 to 2028 underscores the area's allure for residents and investors. North Fort Myers, situated on the picturesque Caloosahatchee River, offers a vibrant setting just 12 miles upriver from the Gulf of Mexico. Whether catering to full-time residents, part-timers, or vacationers, the city's unique waterfront ambiance and amenities make it an enticing destination. The broader Southwest Florida region surrounding Fort Myers also boasts natural beauty and diverse opportunities for outdoor activities, creating a compelling narrative for this multifamily offering. Jump at the chance to acquire a desirable multifamily investment in Southwest Florida's coastal landscape. SELLER FINANCING OFFERED: $1,850,000, $450,000 DOWN, 6% INTEREST ONLY, 5 YEAR BALLOON AMORTIZED OVER 30 YEARS.
Just minutes from Downtown Fort Myers, this multifamily gem in North Fort Myers presents a rare investment opportunity for investors. Encompassing two parcels, the expansive property includes a diverse portfolio of 17 units, including a five-plex, a four-bedroom caretaker unit with an attached apartment, a duplex, and five charming cottages. Renovated in 2018, these residences have undergone a comprehensive transformation, featuring new roofs, electrical systems, plumbing, septic systems, impact doors, windows, and stylish interior remodels. Property is being sold as a portfolio with 15-17 Cypress St PID: 11-44-24-01-00200.0020Projected increased revenue is evident, with two rooms in the caretaker unit (#F) under renovation and being leased for $1,000 each. This strategic move is projected to elevate the annual rental income, yielding a cap rate of 10.2%. Tenants are responsible for electricity, and a single water meter efficiently serves both parcels. Recent septic system installed - saving you peace of mind that all renovations have been made. Adding to the property's appeal, an on-site caretaker oversees day-to-day management. The property is also Section 8 approved!The surrounding area's economic vitality further enriches the investment landscape, with an average household income of $66,472 annually within a 5-mile radius. A projected annual population growth of 3.44% from 2023 to 2028 underscores the area's allure for residents and investors.North Fort Myers, situated on the picturesque Caloosahatchee River, offers a vibrant setting just 12 miles upriver from the Gulf of Mexico. Whether catering to full-time residents, part-timers, or vacationers, the city's unique waterfront ambiance and amenities make it an enticing destination. The broader Southwest Florida region surrounding Fort Myers also boasts natural beauty and diverse opportunities for outdoor activities, creating a compelling narrative for this multifamily offering. Jump at the chance to acquire a desirable multifamily investment in Southwest Florida's coastal landscape.SELLER FINANCING OFFERED: $1,850,000, $450,000 DOWN, 6% INTEREST ONLY, 5 YEAR BALLOON AMORTIZED OVER 30 YEARS.
There are endless possibilities with this commercial space situated on 2.37 acres in a growing area with lots of development coming all around. The site on the south end, zoned C-1, consists of an existing 6,700 sq. ft. Medical office building with a large reception desk, a waiting room, multiple patient rooms, multiple offices, an X-ray room, a records room, etc., and 44+ parking spaces. The second story contains a large area with a full bath and balcony that is 2200 sq. ft. There is a large vacant lot zoned C-1A of developable land in the back with approved uses. This property has so much potential that it will not last long on the market. The roof is 4 years old. It has new hurricane shutters, 3 A/C units from 2011, and 3 new mini splits on the second floor. The current estimate for repaving the parking lot is $65,000.
There are endless possibilities with this commercial space situated on 2.37 acres in a growing area with lots of development coming all around. The site on the south end, zoned C-1, consists of an existing 6,700 sq. ft. Medical office building with a large reception desk, a waiting room, multiple patient rooms, multiple offices, an X-ray room, a records room, etc., and 44+ parking spaces. The second story contains a large area with a full bath and balcony that is 2200 sq. ft. There is a large vacant lot zoned C-1A of developable land in the back with approved uses. This property has so much potential that it will not last long on the market.The roof is 4 years old. It has new hurricane shutters, 3 A/C units from 2011, and 3 new mini splits on the second floor. The current estimate for repaving the parking lot is $65,000.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Looking to rent commercial space? This is the perfect space for you. Nestled among several restaurants, Freedom Boat Club and busy marina this space offers a great spot. The marina is located across the river from historic downtown Fort Myers. Where there are many restaurants and historical sites to visit. Many festivals and other activities are frequently held at Centennial Park which is at the base of the south side of the bridge. It is about a five to ten minute dinghy ride from the marina. The marina is about twenty minutes driving time away from Southwest Florida International Airport and 15 minutes to 30 minutes from Fort Myers Beach and Sanibel Island.
Hancock Center is very well maintained professional building. The center is 100% occupied and currently generating $126,495.23 in gross annual rental income. The building consists of 6 separate units. Tenants include State Farm McDaniel Insurance Solutions , Atkinson Associates, Soft & Strong Taekwondo, Tonya Edison Agency Glamology Hair Lab and Mellod Designs. The roof was installed in 2020, 8 new ac units and the building was repainted with gutters installed in 2023.
The owner proposes reducing the lot depth to 213 ft MOL, resulting in a land area of 0.6855 acres MOL. Frontage will remain 140 ft. The building area is estimated at 1799 SF total, with "masonry block on slab." The site was an operating restaurant with water, sewer, power, and gas utilities. Alternatively, the lot depth could be extended to 255 ft MOL, resulting in a land area of 0.85 acres and a 3275 SF storage building (masonry block on slab) with only power. The asking price of the former Taco Bell, the storage building, and the 0.85 acres is $1.375 million.