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700 11th St S - Floresta Building-Downtown Naples Office
2,027 SF Office Condo Unit Offered at $1,109,650 CAD in Naples, FL 34102
Investment Highlights
- Great views close to banks post office etc.
- Great Building, fire resistive. All common areas freshly renovated. Elevator updated and new roof.
- Walking distance to everything in downtown Naples: close proximity to water, restaurants, and other businesses.
Executive Summary
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)
Property Facts
| Price | $1,109,650 CAD | Building Class | B |
| Unit Size | 2,027 SF | Floors | 3 |
| No. Units | 1 | Typical Floor Size | 3,500 SF |
| Total Building Size | 12,372 SF | Year Built | 1984 |
| Property Type | Office (Condo) | Lot Size | 0.45 AC |
| Sale Type | Investment | Parking Ratio | 0.37/1,000 SF |
| Price | $1,109,650 CAD |
| Unit Size | 2,027 SF |
| No. Units | 1 |
| Total Building Size | 12,372 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,500 SF |
| Year Built | 1984 |
| Lot Size | 0.45 AC |
| Parking Ratio | 0.37/1,000 SF |
1 Unit Available
Unit 202/203
| Unit Size | 2,027 SF | Cap Rate | 6.97% |
| Price | $1,109,650 CAD | NOI | $77,346.37 CAD |
| Price Per SF | $547.43 CAD | No. Parking Spaces | 7 |
| Condo Use | Office | APN/Parcel ID | 07830200002, 07830160003 |
| Sale Type | Investment |
| Unit Size | 2,027 SF |
| Price | $1,109,650 CAD |
| Price Per SF | $547.43 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| NOI | $77,346.37 CAD |
| No. Parking Spaces | 7 |
| APN/Parcel ID | 07830200002, 07830160003 |
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.
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Amenities
- Natural Light
zoning
| Zoning Code | C2-A (Zoned office no medical.) |
| C2-A (Zoned office no medical.) |
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Richard Arnold - Richard Arnold
Presented by
Richard Arnold
700 11th St S - Floresta Building-Downtown Naples Office
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