3045 Fowler Street, Fort Myers FL 33901

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$1,700,000

3045 Fowler Street, Fort Myers, FL 33901

bedrooms

bathrooms

square feet

Acreage

0.575

Open Houses

year built

1981

Full Baths

Half Baths

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This freestanding automotive sales and service center is available for sale as an investment property with a long-term tenant in place. Being offered at a 5.2% CAP Rate, the current annual gross income is $98,880 with 3% annual escalations. The lease has 8 1/2 years remaining, expiring on February 28, 2033, with (1) one (3) three-year Option to Renew. The current tenant has been in this same location since 2012 and recently signed a new lease, which includes a personal guarantee. The building is constructed of concrete block and stucco. It has high visibility with 125 feet of frontage on Fowler Street, a pylon sign, and a 25,500 AADT (2023 Annual Average Daily Traffic) per the FDOT. 8,048± SF Includes 1,440± SF Finished Carport

Location
Subdivision	-
County	Lee
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 224073635

Listing agent: Ethan Schumacher #258020030

Listing broker: Vip Realty Group, Inc. (239) 470-5582

Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, December 4 2024 at 12:11 p.m. EST

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