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700 11th St S
Naples, FL 34102

$789,995 USD

Office Condo For Sale  •  2,027 SF

Property Details

  • Property Type Office
  • Total Building Size 12,372 SF
  • Lot Size 0.45 AC
  • Building Class B
  • Year Built 1984
  • Cap Rate 6.96 %
  • Tenancy Multiple
  • Zoning C2-A
0 Transit Score
71 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 202/203 Office 2,027 SF $789,995 USD
  • Unit Size: 2,027 SF
  • Condo Use: Office
  • Price: $789,995 USD
  • Sale Type: Investment
  • Price/SF: $389.74 USD
Description
1 floor layout 2 bathrooms ensuite.  Currently configured into 6 offices wating area reception area and large conference room. Could very easily be reconfigured to 10 or more offices.  .

Sale Notes
Tenant in place expires May 2027.  (NEW INFORMATION current tenant would be willing to vacate with reasonable notice from new owner.) This lease was put into place as part of a business sale.  Rents could be moved considerably higher given the buildings location and condition. This downtown Naples condo is a great investment building is newly renovated! Many new projects getting ready to start in the area.  Making this a reasonable cap rate and a great property to hold.  Not many 2000 SF spaces downtown Naples. ALL INFORMAITON MUST BE VERIFIED BY PURCHASER.

Description

Nice size eat in kitchenette. Large conference room, reception area and waiting area as well as six good size offices. The space could easily be cut into many more offices as three existing offices are very large. 5 Assigned parking spaces, 2 floater spots that are on a first come first serve basis.  Great water views from east side offices.  All professional tenants. Building just underwent a 300,000 plus dollar renovation adding outside eating for lunches sitting meeting etc., new landscaping new elevator paint tile etc. The Floresta building is located a 3 block walk from downtown Naples Fl. across form Tin City on 11th street south. Largest unit in building at 2027 SF total of unit 202 and 203 which are joined together. (per property appraiser buyer should verify all information for accuracy)

Highlights

Great views close to banks post office etc.
Walking distance to everything in downtown Naples: close proximity to water, restaurants, and other businesses.
Great Building, fire resistive. All common areas freshly renovated. Elevator updated and new roof.

Property Flyers

Financial Summary

Cap Rate: 6.96 %
Total Expenses: $0 USD

Amenities

  • Natural Light

Public Transportation

AirportDriveWalkDistance
Southwest Florida International 49 min - 35.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
Richard Arnold 239-234-7250 Richard Arnold
Richard Arnold 239-234-7250 Richard Arnold