$5,400,000
Marco Island, FL 34145
MLS# 253750
Status: Closed
25000 sqft
1 / 6
Property Description
Rare Main Street Shopping Center on Marco Island! Now 7.2% Cap Rate. Great center - proven consistent cash flow and businesses, good physical condition. Net income approx.$420,000, room for significant upside! The best opportunity on Marco today is Commercial Condo Conversion with substantial profit - potential 8,600,000 in gross sales!!.
Details
Documents
Listing Information
Listing Contract Date: 2005-11-01
Sold Price: $5,400,000
Community: Marco Island
Current Price: $5,400,000
Subarea Type: Inland
Location Tax and Legal
Street Number: 701-721
Street Name: BALD EAGLE
Street Suffix: DRIVE
County: Collier
State: FL
Postal Code: 34145
General Property Information
Use Code: 16
Ownership: Corporation
Year Built: 1979
Total Area-SqFt: 25000
Approx. SqFt Of Land: 93750
Lot Size Dimensions: 375 x 250 2.15 ac+/-
Remarks
Public Remarks: Rare Main Street Shopping Center on Marco Island! Now 7.2% Cap Rate. Great center - proven consistent cash flow and businesses, good physical condition. Net income approx.$420,000, room for significant upside! The best opportunity on Marco today is Commercial Condo Conversion with substantial profit - potential 8,600,000 in gross sales!!.
Status Change Info
Status: Closed
Pending Date: 2006-11-27
Close Date: 2007-01-30
Close Price: 5400000
General Information Details
Max Ceiling Height: 12
Parking Features
Parking Total: 147
Property Features
Available Information: Leases
Business Type: Free Standing; Retail
Buyer Financing: Conventional
Common Area Maintenance: Electric Exterior; Exterior Maintenance; Grounds Care; Insurance Exterior; Lawn Care; Management; Real Estate Tax
Construction Materials: Concrete Block Structure; Precast
Cooling: Central Individual
Heating: Central Individual
Electric: See Remarks
Floor: Concrete
Listing Terms: At Close
Lot Features: City Lot; Corner Lot; Strip Center
Parking Features: Common
Roof: Built-Up; Flat
Sale Includes: Building & Land
Source Of Expenses: Owner
Tenant Pays: Electric Interior; Sewer; Trash Collection; Water
Sewer: Sewer Central
Water Source: Public
Seller Disclosure 
Listing Office: Horizons by the Sea, INC
Last Updated: August - 30 - 2024
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