For Sale
$3,150,731

11637 Kelly RdFort Myers, FL 33908

High-return 13,850 SF multi-tenant building.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 11637 Kelly Rd in Fort Myers, Florida, presents a lucrative investment opportunity. The 13,850 square foot building, constructed in 2000, boasts a desirable Class B rating and is currently 100% occupied, generating a substantial net operating income (NOI) of $204,797. The asking price is $3,150,731, representing a compelling 6.50% capitalization rate. The property features eight individual units, encompassing a diverse mix of executive office, flex space, and storefront retail options, catering to a wide range of tenants. Its versatile configuration allows for flexibility in tenant occupancy and income streams. Situated in Lee County, with a C-1A zoning permit, this property benefits from a prime location offering convenient access to Cape Coral, Fort Myers Beach, and Sanibel. The property is offered as a Triple Net (NNN) lease, minimizing landlord responsibilities. This turnkey investment presents a rare opportunity to acquire a high-performing, multi-tenant property in a thriving Florida market. The building consists of one structure and offers significant potential for future appreciation. The price per square foot is $227.49.

Highlights

  • $3,150,731 asking price for a 13,850 SF mixed-use property.
  • Located at 11637 Kelly Rd, Fort Myers, FL 33908.
  • Features 8 units in a single, 2000-built building, with a C-1A zoning designation.
  • 100% occupied, generating a $204,797 NOI and a 6.50% cap rate.
  • Priced at $227.49/SF, with a NNN lease structure.
  • Property includes Executive Office, Flex, and Storefront space.

Property Details for 11637 Kelly Rd

Property type
Retail properties, Office properties
Square Feet
13,850 SF
Class
B
Year Built
2000
Buildings
1
Units
8

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.508292
Longitude
-81.9463637
11637 Kelly Rd, Fort Myers, Florida

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11637 Kelly Rd
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