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Two-Unit Gateway Building For Sale

12221 Towne Lake Dr, Fort Myers, FL 33913

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For Sale

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Two-unit building with long-term tenants, warehouse, and office space.

Type:Mixed Use

Property size:

5,000 SF

Price / SF:

$239/SF

HighLights

Two‑unit building offering immediate rental income potential.
Recent capital improvements: new roof (2023), new A/C (2022), new electrical panel in one unit (2025), and exterior paint (2023).
Each unit contains a reception area, warehouse space, 7 offices, a kitchenette, and 2 restrooms.
One unit is month‑to‑month, providing flexibility for owner occupancy or increased rental income.
North interior unit recently renewed (2024).
Built in 1994.

We can help!

Contact an agent

Bill Frothinger

For Sale

Contact for pricing

Two-unit building with long-term tenants, warehouse, and office space.

Type:Mixed Use

Property size:

5,000 SF

Price / SF:

$239/SF

Added:: Mar 18, 2026
Days on Market:: 102
Last Refresh:: Mar 20 at 12:18 am

Property Features for 12221 Towne Lake Dr

General Information

Standard status: Active
Size: 5,000 SF
Property subtype: Mixed Use

Building Details

Year Built: 1994

We can help!

Contact an agent

Bill Frothinger

Listing office Premiere Plus Realty

Listing date Mar 18, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Premiere Plus Realty

HighLights

Two‑unit building offering immediate rental income potential.
Recent capital improvements: new roof (2023), new A/C (2022), new electrical panel in one unit (2025), and exterior paint (2023).
Each unit contains a reception area, warehouse space, 7 offices, a kitchenette, and 2 restrooms.
One unit is month‑to‑month, providing flexibility for owner occupancy or increased rental income.
North interior unit recently renewed (2024).
Built in 1994.

Overview

This two-unit gateway building features long-term tenants, with one unit operating on a month-to-month basis and the other under a lease agreement. Each unit includes a small kitchenette, two restrooms, a reception area, warehouse space, and seven offices. Capital improvements have been made to the property, including a new A/C unit in 2022, exterior paint and a new membrane roof in 2023, renewal of the north interior in 2024, and a new electrical panel in the north unit planned for 2025. The property is suitable for mixed-use, warehouse, industrial, and office purposes.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$124.8k	$24.96
− Vacancy	−$10.2k	−$2.05
EGI	$114.6k	$22.91
− OpEx	−$28.6k	−$5.73
NOI	$85.9k	$17.18

5,000 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,925 @ 7.0% cap · market cap 7.19%

Second Best

Mixed Use

$881.3K

$771.1K – $1.03M (±1% cap)

NOI $61,688 @ 7.0% cap · market cap 5.16%

Theoretical Best

Office A

$1.57M

$1.38M – $1.84M (±1% cap)

NOI $110,160 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Party Penguins PhotoBooth Party Supply Store Coverage in a Click Insurance Agency EMRgence Medical Clinic Vin's Vintage Home Decor Store FASHCo LLC Holding Company

Suggested Use

Location Insight

Map
Local Demand

City: Fort Myers
County: Lee
State: Florida
Longitude: -81.749906
Latitude: 26.5662535

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For sale
Mixed-use properties
FL
Fort Myers
33913
12221 Towne Lake Dr

What type of property is this?

Mixed-use property - Two-unit building with long-term tenants, warehouse, and office space.

Where is this mixed-use property located?

The property is located at 12221 Towne Lake Dr Fort Myers, FL.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: Two‑unit building offering immediate rental income potential.; Recent capital improvements: new roof (2023), new A/C (2022), new electrical panel in one unit (2025), and exterior paint (2023).; Each unit contains a reception area, warehouse space, 7 offices, a kitchenette, and 2 restrooms.