For Sale
$2,100,000

3148 Tamiami TrlNaples, FL 34112

East Naples Retail Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 4,721 square foot free-standing retail building, located at 3148 Tamiami Trail E in Naples, Florida (34112), presents a compelling value-add opportunity. Currently housing two tenants in a multi-tenant configuration under a NNN lease structure, the property boasts a strong current NOI of $104,815 and a projected pro-forma NOI of $144,621, translating to a 4.99% cap rate and a pro-forma cap rate of 6.89%. Built in 1974 and renovated in 2019, this single-story building sits on a 0.9-acre lot and offers 53 parking spaces, ensuring ample convenience for patrons. The property benefits from excellent visibility and accessibility due to its location near a major intersection in the thriving East Naples submarket. Zoned C-3-GTZO-MXD, the building offers significant potential for future rent bumps. The asking price is $2,100,000, representing a price per square foot of $444.82. This investment is ideal for those seeking a stable income stream with significant upside potential in a high-demand Southwest Florida location. The property's strong tenant base, prime location, and potential for increased NOI make it a truly attractive proposition.

Highlights

  • 4,721 SF free-standing retail building in Naples, FL (34112).
  • NNN leased, multi-tenant property with a current NOI of $104,815 and a projected NOI of $144,621.
  • 4.99% current cap rate, 6.89% pro-forma cap rate.
  • Located on a 0.9-acre lot with 53 parking spaces.
  • Excellent visibility and accessibility near a major intersection in East Naples.
  • C-3-GTZO-MXD zoning.

Property Details for 3148 Tamiami Trl

Property type
Retail properties, Restaurants
Square Feet
4,721 SF
Year Built/Renovated
1974/2019
Stories
1
Lot Size (sq. ft)
39,204 SF
Units
2

Location Insight

City
Naples
County
Collier
State
Florida
Latitude
26.1278536
Longitude
-81.7684034
3148 Tamiami Trl, Naples, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3148 Tamiami Trl
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message