Reduced For Quick Sale Ready-to-build Commercial Lot

Marion Ave

Punta Gorda 33950

2 lots, 1 - 5.3 Acre Parcel and 1 - 1.5 acre parcel, 6.8 Acres, environmentals done. Just East of I-75. Zoned Industrial, Retail, Commercial General, No Residential or Mixed Use, 6.84 Acres at Washington Loop. Over 150 sq. ft. Road Frontage on Duncan. Phase I reports available, survey also available. Future land use is Commercial Corridor

For more information contact:

Jeanette Igoe

Price: $399,000 Size: 2.70 AC Description:

Zoned Low Intensity Industrial. 2 parcels, one approximately .25 Acres, the other 2.7. Perfect for Warehouse, Storage Facilities, Truck or Auto Terminal Hub, close to Hwy 17 and I-75 exit. Railroad meets rear of property. I-75 Interchange currently projected to cross eastern portion of property, high visibility once completed.

Marion Ave

Punta Gorda 33950

Broker Igoe Realty P.A. ABR, CIPS, CPRES, CRS, e-PRO, GRI, GREEN, SFR, TRC jigoe5@aol.com

Just in the last year, Florida’s population increased by 1.9%, adding 420,000 new residents, earning its title as the fastest-growing state in the nation, according to U.S. Census data. Not to mention, most of this growth occurred in Gulf Coast regional markets, including Fort Myers and Naples.

According to CoStar data, Lee County has averaged 610 new residents each week for the past year, and, due to Hurricane Ian restoration efforts, Fort Myers’ construction sector currently leads the state in annual job growth.

Increases in both employment and population are driving rapid commercial real estate advancement in Southwest Florida. With some of the lowest office and industrial vacancy rates in the state, Lee County is ranked as the second fastest-growing county in Florida.

Meanwhile, commercial property owners in sizeable metropolitan markets such as New York, Boston or San Francisco, are struggling to find tenants, with office vacancy rates ranging from 20% to over 30%. Without rent-paying tenants to fill those spaces, landlords are left in a bind.

Specific to the office market, Southwest Florida is experiencing the opposite of what is happening in major markets across the nation.

Notably, the tenants seeking these spaces are not major corporations. While a few large-scale companies, such as NeoGenomics and Scotlynn, have established themselves in Lee County, they have constructed custom office facilities unavailable to outside tenants.

Rather, the most active tenants need move-in ready offices between 3,000 and 10,000 square feet.

Small, entrepreneurial firms that are coming in from another state or market and looking to establish a presence and contribute to Southwest Florida are what makes this market unique.

In addition, if a landlord is prepared to sell a well-located, accurately priced property, requiring minimal renovation, a bidding war will most likely occur.

This positions office-seeking tenants in a difficult situation to find a space that works for their needs, that they can move into in a reasonable amount of time. At the same time, landlords that have been considering selling their properties may be unaware of how or when is the best time to make a move.

It’s times like these when real-time local knowledge, market intelligence and deep transaction expertise that specialized brokerages like Fischler Property Company bring to the table can ease the tension for both parties in the buying, selling and leasing process, providing clients with invaluable insights and creating win-win results.

Price: $399,000 Size: 2.70 AC Description: Zoned Low Intensity Industrial. 2 parcels, one approximately .25 Acres, the other 2.7. Perfect for Warehouse, Storage Facilities, Truck or Auto Terminal Hub, close to Hwy 17 and I-75 exit. Railroad meets rear of property. I-75 Interchange currently projected to cross eastern portion of property, high visibility once completed.

239-572-3269 www.JeanetteIgoe.com or Mixed Use, 6.84 Acres at Washington Loop. Over 150 sq. ft. Road Frontage on Duncan. Phase I reports available, survey also available. Future land use is Commercial Corridor

For more information contact:

Jeanette Igoe

Broker

Igoe Realty P.A. ABR, CIPS, CPRES, CRS, e-PRO, GRI, GREEN, SFR, TRC jigoe5@aol.com

239-572-3269 www.JeanetteIgoe.com

Office vacancy rates have fallen to 4.3% across all of Lee County, and when you look at concentrated submarkets like Downtown Fort Myers, the vacancy rate drops even lower to 0.9%. Subsequently, move-in-ready office spaces are increasing in value while rent and sale prices

Check out part two of this series next time, when I dig into the three factors that will have the greatest impact on your office property over the next five years, if not already.

Phil Fischler is the principal of Fischler Property Company. Contact pjf@fischlerco.com or (239) 895-1060.