4273 Arnold AveNaples, FL 34104

Property Details for 4273 Arnold Ave

Year built

1982

Lot size

0.58 AC

Property size (Sq ft)

5,220 SF

Zone code

I

Property type

Industrial properties

Property subtype

Distribution centers

APN

279080000

APU

279080000

Description

This exceptional 5,300-square-foot industrial warehouse in Naples, Florida, presents a compelling owner-user or investment opportunity. Located at 4273 Arnold Ave, Collier County, this Class C property sits on a 0.68-acre lot and boasts a 100% occupancy rate until October 31, 2024, generating a pro-forma NOI of $132,500 and a 5.76% cap rate. The asking price is $2,300,000, translating to $433.96 per square foot. Built in 1973 and renovated in 2005, the single-story building features three units, each with a separate glass entrance and a 12-foot rear warehouse door. One unit is dedicated office space, complete with a reception area, break room, and seven individual offices. Two units include air conditioning and insulation. The third unit is an open warehouse space, previously used as a metal fabrication shop. Ample parking is provided with 31 spaces, and the property is zoned for commercial use. The seller will consider a leaseback for 6 to 24 months at fair market rent. The 14-foot ceiling height and enclosed rear parking area add to the property's functionality. This multi-tenant property offers significant potential for a variety of uses. The property is currently owner-occupied and will be vacated prior to closing.

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1676

Longitude

-81.7571

CBSA code

34940

CBSA name

NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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