3045 Fowler Street
Fort Myers Fl 33901
0.58 Acres $1,700,000
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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
3045 Fowler Street
Fort Myers Fl 33901
$1,700,000
- Lee County
- Date updated: 01/05/2025
Features
| Lot Size: | 0.58 acres |
| Year Built: | 1981 |
| Pool: |
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| Roof: |
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| Property Type: | Commercial |
| Taxes: | $10,646 |
FGCMLS #224073635 | |
Listing Courtesy Of: Ethan Schumacher, VIP Realty Group Inc
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Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.
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