1014 Se 12th Ct

$650,000, 44,864 Sqft 1.03 Acres

About This Property

BUYER COULD USE PART OR ALL OF THE SPACE - Tenants are on month to month basis and rents are well below market. The building is 10,000 square feet (100' x 100') constructed of both steel & block and divided into five separate rental units. Tenants are willing to stay in place with the new buyer, or they could vacate with appropriate notice. The five units are leased to four tenants and consist of units 1 and 3 which is a 4,166 sf unit - $1,500.00, unit 2 is 2,500 sf - $895.83, unit 4 is a 1,660 sf unit - $783.33 and unit 5 is also 1,660 sf - $725.00. Building square foot average rate is $4.68. with current rentals within the area between $8.00 to $10.00 psf range (if you can find one). Zoned light industrial - warehouse has access from the main street (SE 12th Ct) as well as the paved alley. NOTE: There are 2 ADDITIONAL income producing fenced yards that could be purchased for an additional $500,000. Currently rented as yard storage with 44+/- vehicles, trailers, trucks, etc. with monthly income of $3,520. ($80 per month / stall). The yard on SE 10th Street is also on a gulf access waterfront canal.

Essential Information

MLS® #218024391
Price$650,000
Square Footage44,864
Acres1.03
Year Built1977
TypeCommercial
StatusActive

Sub-Type

Industrial: Flex Space, Industrial: Manufacturing, Industrial: Office Showroom, Industrial: Warehous

Community Information

Address1014 Se 12th Ct
CityCAPE CORAL
CountyLee
StateFL
Zip Code33990

Area

CC14 - Cape Coral Unit 16,18,22-

Amenities

WaterfrontNone

Utilities

Electric, Phone Line, Sewer, Trash Removal, Water, 3-Phase Electric, Single Phase Electric

Interior

# of Stories1

Exterior

Lot Description150

Additional Information

Days on Market536
ZoningI-1

Listing Details

OfficePhil Deems Real Estate

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