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Off Market
1/7

8350 Hospital Dr
Estero, FL 34135


HIGHLIGHTS


OVERVIEW

The Shoppes at Coconut Point is a 24,680 sq. ft. retail/office center located on US 41 at Pelican Colony Blvd. The intersection is scheduled for a new traffic signal and also serves as the entrance to the Lee Health Coconut Point Health and Wellness Village and Proposed Hospital. Tremendous Value Add opportunity. The property is located in the Coconut Point DRI and zoning has recently been modified to allow for up to 6,000 sq. ft. of medical space as well as most retail/office uses. The Lee County Sheriff occupies 7,500 sq. ft. which is soon to open. Tijuana Flats occupies 2,500 sq. ft and has done so for over 10 years. Excellent opportunity for an investor to lease up and create significant additional value. Also, great opportunity for a medical user to occupy 6,000 sq. ft. and enjoy rental income from the remainder of the property. Priced well below replacement cost.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Shoppes at Coconut Point

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

24680

STORIES

1

YEAR BUILT

2008

SPRINKLERS

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PARKING SPACES

112

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

09-47-25-E3-373A3.0030