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 | |
Updated | September 25th, 2017 |
Type | Shopping Center |
Price | $5,500,000 |
Building | 39,644 Sq. Ft. |
Land | 5.5 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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