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0 Canal St Fort Myers, FL 33916

OFF-MARKET Warehouses Google Maps
10.4 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional industrial property, located on Canal Street in Fort Myers, Florida (zip code 33916), presents a unique opportunity. The site encompasses approximately 10.4 acres and features a single, existing 70,000+ square foot warehouse building. The property boasts over two acres of dedicated yard space, ideal for storage or distribution operations. This build-to-suit opportunity allows for expansion, with the potential to develop an additional 30,000+ square feet, creating a total of 100,000+ square feet of space. The property is zoned IH (Industrial Heavy) by the City of Fort Myers, permitting a wide range of industrial uses, including warehouse, distribution, manufacturing, and research & development. Its strategic location offers easy access to major transportation arteries, including State Road 80 and Interstate 75. Furthermore, the property's location within both an Opportunity Zone and a Community Redevelopment Area may qualify businesses for significant financial incentives, particularly those in targeted industries. This prime industrial property offers a compelling combination of existing space, expansion potential, and advantageous location. The property is offered as a single tenancy.

Property profile

Verified
Property type Warehouses
Lot 10.4 ac (453,024 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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