1014 12th Ct, CAPE CORAL, FL 33990

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    MLS#: 218024391 ( Commercial )
  • Street Address: 1014 12th Ct
  • Viewed:
  • Price: $1,150,000
  • Waterfront: Yes
  • Wateraccess: Yes
  • Year Built: 1977
  • Bldg sqft: 0
  • Days On Market: 203
  • Acreage: 1.03 acres
    Additional Information
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33990
  • Provided by: Phil Deems Real Estate
Comments
  • PORTFOLIO OPPORTUNITY BUYER COULD USE PART OR ALL OF THE SPACE (1004 SE 12th Ct., 1014 SE 12th Ct. & 1306 SE 10th St.). All tenants are on month to month basis and rents are well below market. The 10,000 square foot building / steel & block / divided into five seperate rental units. Tenants are willing to stay in place with the new owner or they could vacate with appropriate notice. The five units are leased to four tenants and consist of units 1 and 3 which is a 4,166 sf unit $1,500.00, unit 2 is 2,500 sf $895.83, unit 4 is a 1,660 sf unit $783.33 and unit 5 is also 1,660 sf $725.00. Building square foot rate is $4.68 with current rentals in the area bringing in $7.00 to $8.00 psf and closer to $10 in some cases. Zoned light industrial warehouse has access from the main street (SE 12th Ct) as well as the paved alley. THE ADDITIONAL two fenced yards are also included, currently rented as yard storage with 44 vehicles, trailers, trucks, etc. with monthly income of $3,520. ($80 per month / stall). The yard on SE 10th Street is also on a gulf access canal.
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