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34353457
34353139

7573 RAYMARY ST, BOKEELIA, FL 33922-1900 For Sale

DL
FL bk3024692
$800,000
6 days on market
Updated 4 days ago

7573 RAYMARY ST BOKEELIA FL 33922-1900

Details
APN 31432202000000460
Property Type Retail
Sub Type Convenience Store, Restaurant (+1)
Square Footage 5,190
Net Rentable (SqFt) 136,000
Units 6
Cap Rate 10.25%
NOI $82,000
Tenancy Vacant
Lease Type NNN
Lease Term 5
Lease Expiration 05/23/2026
Lease Options 0
Pro-Forma Cap Rate 6.56%
Pro-Forma NOI $52,480
Price per SqFt $154
Price Per Acre $190,000
Broker Co-Op True
Class B
Year Built 1984
Year Renovated 2005,2006,2021
Buildings 1
Stories 1
Lot Size (SqFt) 29,447
Zoning C1-A
Parking Spaces 28 per unit
Investment Type Net Lease
Lease Commencement 01/23/2021
Occupancy Date 07/31/2026
Ground Lease No
Ceiling Height 9
Ownership 100
Sale Condition For sale by owner

Restaurant Kitchen with Walk-In combo all hookups Some shelving and racks for convenience store

Marketing description

Retail • 5,190 SF • Originally 6 units

Unit A restaurant dining room 1008 Sq Ft can seat 70

Unit B restaurant kitchen 1002 sq Ft includes hood system, suppression system, plumbing set up for dish washing station, Blodgett bakery oven and walk-in freezer/fridge combo 10 x 14

Unit C originally 952 square ft has been divided into two spaces each approximately 475 Sq ft

Unit D used as part of the convenience store 736 sq ft

Unit E 636 sq ft and Unit F 636 sq ft have been combined to one larger unit of 1272 sq ft but could be divided again into separate units. All back doors have locking panic bars.

Additional vacant Corner lot directly across Raymary St may also be available and is same size of .67 acre with frontage on Raymary St and Stringfellow Rd

Investment highlights

EXECUTIVE SUMMARY:

I am pleased to offer broker owned property at 7573 Raymary St., Bokeelia, Fl 33922 a .67± acre parcel, with 5190 sq. ft. of restaurant and retail space.

Contact Broker directly at 239-789-6676 [email protected] I am not Crexi Pro

Located directly on Stringfellow Rd., and Raymary St the main thoroughfare on the island, this property is poised for redevelopment.

While currently zoned C1-A, the site holds significant potential for rezoning to accommodate outdoor storage or rental service ventures. With the Pine Island area experiencing rapid urbanization, the prospect of rezoning for expanded commercial purposes becomes increasingly viable.

*Seller Financing Available

LOCATION HIGHLIGHTS:

• 0.9± miles to Bokeelia Island

• 5.9± miles to Pine Island Road

• 6.5± miles to Publix at Calusa Cay

• 13.3± miles to St. James City

• 20.6± miles to US-41

• 26.9± miles to I-75

Investment highlights

• 140 linear feet of frontage on Stringfellow Road.

• Great investment potential for future commercial growth.

• Currently set up for a restaurant and retail. 2COP license beer and wine and tobacco available at site. Licensed in the past for Beauty salon, convenience store also real estate office.

• Infrastructure in place to continue restaurant business.

• The property was leased as a whole building current tenants are leaving.

• Buyer is entitled to the restaurant equipment and other equipment throughout the building at the time of closing.

• Excellent opportunity to acquire premier Corner commercial site on Pine Island.

Listing Contacts

DL
FL bk3024692

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,000.00
$6,833.33/mo

Valuation Metrics

0
DSCR
10.25%
Cap Rate
10.25%
ROI

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Additional Information

Name
Deborah Lytle
License
bk3024692
Brokerage
Deborah Lytle
Brokerage Phone
2397896676
Title
Broker of Record
Brokerage Address
1045 Dracka Rd, Traverse City Mi 49685
Name
Deborah Lytle
License
bk3024692
Brokerage
Deborah Lytle Broker
Brokerage Phone
2314926579
Title
Real Estate Broker
Brokerage Address
1045 Dracka Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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