2741-2747 First St - Apartments FOR SALE


Fort Myers, FL 33916
$5,650,000 USD
813-697-1475
2741-2747 First St, Fort Myers, FL for Sale
$5,650,000 USD
Apartments - FOR SALE
1/13
null | 5.27% Cap Rate

2741-2747 First St
Fort Myers, FL 33916


HIGHLIGHTS

  • Desirable Location
  • Access to Area Amenities
  • Strong Higher Education Presence
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Corsica Rive, a 24- unit mixed-use asset in Fort Myers, Florida (the “Property”). Corsica Rive is a class “A” mixed-use trophy asset in the heart of downtown Fort Myers; the building’s shell was constructed in 2008, and the interiors were completed in 2015. Positioned at the entrance to the St Tropez, Riviera, and Beau Rivage Condominiums, Corsica Rive is comprised of two (2), three-story buildings (each on their own tax parcel) and contains twenty-four (24) units consisting of fourteen (14), 2-Bedroom/2.5-Bathroom units, two (2), 2-Bedroom/2-Bathroom units, six (6) 1-Bedroom/1- Bathroom units, and two (2) retail bays. Located at 2741 & 2747 First Street in Fort Myers’ blue-chip East First Street neighborhood, the Property is located along the banks of the Caloosahatchee River and is a short walk from the Downtown Commercial District. The Property is positioned along First Street/Palm Beach Boulevard (FL Route 80), the area’s primary commercial corridor offering a wide array of shopping, dining, grocers, public parks, and entertainment options. Fort Myers is positioned along the banks of the Caloosahatchee River and offers convenient access to the Gulf of Mexico, Estero Bay and the Estero Bay Preserve State Park and San Carlos Bay and Bunche Beach Preserve which are home to a variety of outdoor recreational activities. Fort Myers’ downtown features a plethora of employment, shopping, and entertainment opportunities. Fort Myers is home to miles of pristine beaches and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

24

PRICE/UNIT

$235,417

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corsica Rive

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

PUD

APN/PARCEL ID

13-44-24-P2-0020B.003A,13-44-24-P2-03300.1204,13-44-24-P2-03300.2401

ASK ABOUT THIS PROPERTY

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

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Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.