Fully leased well maintained investment property in prime high-profile location fronting on Cape Coral Parkway E. in the downtown district is being offerd for sale at a 7.5% CAP Rate. Excellent 1031 exchange property. The property has a flexible floor plan and can accommodate up to 5 tenants. The fully occupied property currently houses a Craft Brewery which spent over $100,000.00 in improvements and is in the 3 units fronting Cape Coral Parkway. The Brewery has over two years left on their lease and an option to renew. The rear two units are occupied by an Insurance, CPA, and financial advisor who has been a long term tenant for the past 15 years. This building extends further out towards Cape Coral Parkway then any building on the Parkway which gives this property the most highly visible location on the street. The property has outstanding parking with on street parking in the front and the public "Big Johns" parking lot available in the rear. This property also features a pedestrian hallway with wrought iron security gates that connects the Parkway to the rear parking lot. The buildings 2 fronts on Cape Coral Pkwy & SE 47TH Terrace both allow visible signage.
The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Listing information last updated on September 19th, 2019 at 1:15pm EDT.