FORT MYERS, Florida
| Asking Price |
$1,300,000 |
Year Established |
1981 |
|
| Annual Revenue |
$130,800 |
Reason for Selling |
Capital Redeployment |
|
| Annual P/L |
$0 |
Attention |
Lindsey Bamman |
|
| Annual Cash Flow |
$92,800 |
Listing Number |
1007378 |
|
| # of Employees |
|
Business Category |
Commercial Real Estate: Office Space, Office Parks |
|
Business Overview:
6238 Presidential Court is a well-maintained, multi-tenant office investment located just off Summerlin Road in the heart of Fort Myers, Florida. The property benefits from a strong tenant base, consistent occupancy history, and excellent accessibility to College Parkway, US-41, and surrounding residential and commercial corridors.
Offered at $1,300,000, the property supports an estimated 8.04% cap rate, providing investors with attractive in-place cash flow in one of Fort Myers' most established office submarkets.
Recent capital improvements include a roof replacement in 2022 and HVAC systems that are all 2024 or newer, significantly reducing near-term capital expenditure concerns for a new owner.
The building is substantially occupied, with only one remaining 479 SF suite available for lease. This small vacancy provides an opportunity for additional income growth while maintaining the stability of the existing tenant base.
An additional advantage of the property is its rear elevation visibility from Summerlin Road, creating valuable signage and branding exposure for tenants and enhancing long-term leasing appeal.
Ideal for investors seeking stable income, 1031 exchange placement, and long-term appreciation in a growing Southwest Florida market.
Property Features and Assets:
<p>Building Area: 7,400 SF, Tenancy: 8 Units, Parking Spaces: 27, 1 Handicap<br></p>
Market Competition and Expansion:
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity