1014 12th Ct, CAPE CORAL, FL 33990

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    MLS#: 218024391 ( Commercial )
  • Street Address: 1014 12th Ct
  • Viewed: 14
  • Price: $650,000
  • Price sqft: $
  • Waterfront: No
  • Year Built: 1977
  • Bldg sqft: 0
  • Days On Market: 330
  • Acreage: 1.03 acres
    Additional Information
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33990
  • Provided by: Phil Deems Real Estate
Comments
  • BUYER COULD USE PART OR ALL OF THE SPACE Tenants are on month to month basis and rents are well below market. The building is 10,000 square feet (100' x 100') constructed of both steel & block and divided into five separate rental units. Tenants are willing to stay in place with the new buyer, 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 average rate is $4.68. with current rentals within the area between $8.00 to $10.00 psf range (if you can find one). Zoned light industrial warehouse has access from the main street (SE 12th Ct) as well as the paved alley. NOTE: There are 2 ADDITIONAL income producing fenced yards that could be purchased for an additional $500,000. 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 waterfront canal.
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