7350 Gladiolus Dr

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7350 Gladiolus Dr

Fort Myers, FL 33908
Asking Price
$3.70M
Asset Type
Commercial Land
Class
Class B

What's Special

Land | 3.7 acres <ul><li>​Zoned CPD (Fenway Family Fun Center), allowing for a 12,500-square-foot commercial building with a maximum height of 35 feet.</li><li>​Prime location, at a signalized intersection.</li><li>​+ 345’ feet of frontage along Gladiolus Dr. with high traffic counts (43,000+ AADT).</li><li>​Positioned in a rapidly developing area.</li></ul>

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NOI
$80,000
Cap Rate
2.16%
DSCR
0.36
Underwater
Cash-on-Cash
-12.58%
Monthly Payment
$18,305.581
Annual Cash Flow
$-139,666.975

Location & Travel Times