Property Listing No Longer Available for Sale

20461 S Tamiami Trail, Estero, FL

Shopping Center for Sale - $5,500,000 - 39,644 Sq. Ft. on 5.5 acres


Property Info

CIMLS#966761
Location
  20461 S Tamiami Trail
  Estero FL 33928
UpdatedSeptember 25th, 2017
TypeShopping Center
Price$5,500,000
Building39,644 Sq. Ft.
Land5.5 acres

Property Description

Great opportunity to own a highly visible and nearly full retail property in a rapidly growing area of Estero. Priced below replacement cost, this property has lots of upside potential for the long-term owner as the surrounding area continues to add rooftops.

Location Description:

Prominent retail center located on Tamiami Trail with great visibility! Traffic counts are 47,000 just to the south. Estero is a rapidly growing community that includes Hertz Global HQ, Florida Gulf Coast University with 20,000+ students, Coconut Point Lifestyle Center, and the Lee Health Village at Coconut Point which is currently under construction.

Highlights:

>> Exciting rent growth on renewals

>> Highly visible building and signage at signaled intersection

>> Very leasable unit sizes allows for max rent per square foot.

>> Priced well below replacement cost - appreciation with surrounding new development

>> Easy access to both Naples and Fort Myers

>> Well-maintained and professionally managed

>> Abundant Parking Field

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Financials