Active
16350 Innovation LN
Fort Myers FL, 33913
$5,299,950
$256.46 per sqft
Active
20,666 sqft
Commercial
Built in 2022
"Value-Add Opportunity: Flex Space in High-Growth Fort Myers"
16350 Innovation Lane, Fort Myers, FL 33913
Unlock Significant Value with this Underutilized Flex Space
This 20,666 square foot flex-style warehouse presents an exciting value-add investment opportunity in the dynamic Fort Myers market. Currently 50% leased, this property offers a prime chance to increase income through strategic leasing efforts.
Key Investment Highlights:
Significant Upside Potential: Lease up 50% of vacant space to significantly increase cash flow.
Strong Market Fundamentals: Benefit from Fort Myers' robust economic growth and increasing demand for industrial space.
Value-Add Potential: Implement improvements to enhance tenant appeal and further increase rental income.
Attractive Financial Projections:
Projected Cap Rate: 6.7% (current)
Estimated Cap Rate (post-improvements): 7.45%
Prime Location: Located in a desirable area with excellent access to major transportation routes.
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224086054
MLSⓇ ID
October 25, 2024
Listed
December 31, 2024
Updated
Map
16350 Innovation LN
Fort Myers FL, 33913
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
0.47 Acres
Other Property Details
Area Name
FM20 - Fort Myers Area
Taxes
$7,811
Tax Frequency
Annually
Days on Market
67
Garage
No
View
No
County
Lee
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/10/2024 | Price change | $5,299,950 -2% |
Listed by David Bartley, Sr, Bartley Realty LLLP
Listing Contact: 239-784-3283
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brian K. Rigsby shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:50 PM UTC, 12/31/2024