1950 Ricardo Avenue

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1950 Ricardo Avenue

Fort Myers, FL 33901
Asking Price
$350K
Asset Type
Flex Industrial
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Industrial flex property located at 1950 Ricardo Avenue in Fort Myers
  • Asset is currently offered for sale at a price of 350000 dollars
  • High average daily traffic counts support strong brand and sign visibility
  • Property position offers close proximity to the downtown Fort Myers area
  • Flexible building design accommodates diverse industrial and commercial operational requirements

What's Special

Flex industrial space at 1950 Ricardo Avenue provides a versatile footprint for businesses requiring a blend of warehouse storage and functional office areas. The property sits within the Fort Myers market, benefitting from close proximity to the downtown district and steady regional accessibility. Given its location, the asset is suited for local service providers, light assembly operations, or distribution tenants seeking centralized connectivity. The site experiences high average daily traffic, which contributes to robust sign visibility for any occupant. Fort Myers remains a key economic hub in Southwest Florida, supported by a diverse population and a steady flow of commercial activity across the Gulf Coast region. This building represents a manageable acquisition for investors or owner-occupiers looking to establish a footprint in an active trade area. The combination of industrial utility and street-level exposure positions this asset effectively for long-term operational use or value-add potential in an established Florida corridor.

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NOI
$80,000
Cap Rate
22.86%
DSCR
3.85
Strong
Cash-on-Cash
56.40%
Monthly Payment
$1,731.609
Annual Cash Flow
$59,220.692

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