583 Pondella RdNorth Fort Myers, FL 33903

Pondella Plaza, located at 583 Pondella Rd, North Fort Myers, FL 33903, presents a compelling investment opportunity. This 7,007 square foot executive office building, situated in a high-traffic area (22,500 AADT on Pondella Rd), boasts an 80% occupancy rate. The property, zoned C-1A, underwent renovations in 2013 and is currently listed at $1,200,000, offering a 6.30% cap rate. Its prime location places it in close proximity to major retailers such as Walmart, Target, and Lowe's, ensuring high visibility and convenient access for tenants and clients. The building's executive office subtype caters to a discerning clientele, and its strong occupancy rate indicates a stable income stream. This property represents a solid investment in a thriving, up-and-coming area in the heart of North Fort Myers, making it an attractive option for investors seeking a strong return on their investment. The property's location within Lee County, Florida, further enhances its appeal.