Description:

BANK OWNED!! PRICED BELOW 2001 VALUE. 4133 sf "Flex" condo includes a small warehouse, workshop area, and two retail showrooms (easily combined) all on the first floor. On the second floor are eight offices. Total of 12 spaces, some of which are rented out, mostly on month-to-month leases. County records show 4133 sf, but floor plans show 4633 sf, so at that size the price is well under $90 psf.
Short term leases provide easy transition for an owner-user, but can also accomodate an investor looking for some cash flows while leasing up the rest of the space. Or, if you are an owner-user and want some rental income, this property works well.

This property is aggessively priced- The asking price of $399k is lower than when the property was purchased in 2001 for $412,500. The last sale in this six-unit complex was 6/06 for $610k which was a shell unit. The subject property is fully built out.

There are several remaining vacant units available for lease as well, so if you're looking for flexible sizes and a short term lease, please contact me.

This property is being offered by the bank "As-Is" with right to inspect.

Located on very popular Trade Center Way in the heart of the J&C Industrial Park in North Naples.