3209 Van Buren Ave Naples, FL 34112-4430

Property Details for 3209 Van Buren Ave

Year built

1990

Lot size

0.40 lot acres

Property size

6,000 SF

Zone code

C-5

Property type

Distribution centers

APN

52700960207

APU

52700960207

Description

This exceptional industrial property at 3209 Van Buren Ave, Naples, FL 34112, presents a lucrative investment opportunity. The 6,000 square foot warehouse sits on a 0.4-acre lot and boasts a desirable C-5 zoning. The single-story building, renovated in 2023, features a 16-foot ceiling height, creating ample space for various uses. The property includes two units, each offering unique advantages. One unit, currently leased, generates an annual income of $60,000, with a 3% annual rent increase built in. The tenant also covers 50% of the building's electricity costs. This unit comprises 3,000 square feet. The second unit offers significant potential for immediate income generation or owner-occupancy. Recent upgrades include a new 800 square foot office space with mezzanine storage, an epoxy floor, updated restrooms, a kitchen in the office, new blacktop paving, gravel parking, fresh landscaping, new electrical systems, and a freshly painted building exterior. The asking price is $3,000,000, translating to $500 per square foot and $1,500,000 per unit. Currently, the occupancy rate is 50%. This property is ideal for a variety of uses, from warehousing and distribution to specialized storage needs. Its prime location in Naples, Florida, and recent renovations make it a highly attractive investment.