1660 North Tamiami Trail

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1660 North Tamiami Trail

Fort Myers, FL 33903
Asking Price
$2.50M
Asset Type
Office
Class
Class B

What's Special

1660 North Tamiami Trail is situated along one of North Fort Myers' primary commercial corridors, providing direct frontage and high visibility. The surrounding neighborhood features a mix of established retail centers, service-oriented businesses, and residential communities. The property is positioned near the Caloosahatchee River, offering convenient access to Downtown Fort Myers via the Edison Bridge. Local amenities include various dining options, financial institutions, and shopping plazas within a two-mile radius. Public transportation stops are located along the Trail, facilitating accessibility for commuters. The building is suited for professional services, administrative back-offices, or medical suites. Its layout and location accommodate tenants such as legal practices, insurance agencies, and healthcare providers requiring a central transit point between North Fort Myers and the downtown business district. The property serves established small-to-mid-sized firms looking for functional space with ease of access for both employees and a local client base.

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NOI
$80,000
Cap Rate
3.21%
DSCR
0.54
Underwater
Cash-on-Cash
-9.10%
Monthly Payment
$12,343.899
Annual Cash Flow
$-68,126.784

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