19 North - Two Story Office Building

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19 North - Two Story Office Building

cape-coral, FL 33909
Asking Price
$2.10M
Asset Type
Retail
Class
Class B

What's Special

19 North is a two-story commercial building located in Cape Coral, Florida. Situated along a primary north-south traffic corridor, the property is positioned within a developed district characterized by a mix of professional offices and local service providers. The location offers proximity to regional dining options, grocery anchors, and banking facilities. It is accessible via major local thoroughfares, providing straightforward connectivity to the surrounding residential neighborhoods of Lee County and the greater Fort Myers area. The building is configured for retail and professional service operations. Its layout and high-visibility frontage make it suitable for apparel boutiques, specialty showrooms, or consumer service centers requiring a dual-level floor plan. Typical tenants for this asset class include wellness studios, insurance agencies, and independent retailers seeking a presence in a high-traffic suburban market. The property accommodates businesses that benefit from both drive-by exposure and a central location within the Cape Coral business community.

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NOI
$80,000
Cap Rate
3.81%
DSCR
0.64
Underwater
Cash-on-Cash
-7.09%
Monthly Payment
$10,389.654
Annual Cash Flow
$-44,675.85

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