5110-5120 Pine Island Rd Bokeelia, FL 33922
This exceptional commercial property, located at 5110-5120 Pine Island Road NW in Bokeelia, Florida (zip code 33922), presents a unique investment opportunity. The property consists of a 7,000 square foot addition to the Pine Island Publix Shopping Center, situated on a 1.238-acre lot. The building features five bays, each measuring 1400 square feet, complete with a washroom, wash tub, and drinking fountain. Two bays are currently leased to Dr. Watson Liquors, while three bays are available as vacant, gray boxes. The property includes a completed sprinkler system (requiring head adjustments based on ceiling type) and roof-mounted A/C units (needing ductwork). Convenient features include a front entrance for customers and a rear entrance for deliveries. The property boasts a prime location within the shopping center, offering ample parking and high visibility. This presents an excellent investment opportunity with significant potential for future growth and returns in the thriving Pine Island market. The property is offered at an asking price of $3,295,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.