Artisan's Plaza - 5760 Shirley St 2 Industrial Properties Offered at $8,794,296 CAD in Naples, FL

Welcome to Artisan’s Plaza in the Naples Arts District, one of the few properties dedicated to keeping art alive in Naples! The two-building property is situated on over 1 AC with 23 individual units starting at just 587 SF. The property consistently remains 100% leased with a healthy waiting list of artists as well. Built in 1989, the property consists of 2 concrete block buildings, each with storefronts and private sink. Some units have a private restroom while others share common restrooms, making it easier to manage.
The property would be ideal for someone who has a passion for the arts. There is plenty of potential to raise rents to market value and create a worthwhile return. All of the leases are either month to month or annual. Annual leases are being renewed on month to month basis, allowing the buyer to either create new leases with existing tenants or allow an owner/user to take possession of some or all of the property!
The property is high and dry with an X500 flood rating - meaning no flood insurance needed. The units start at only 587 SF, making them very easy to lease.
A full financial package and P&L statement is available as well as a prospective statement of where rents could be in one years time. Contact Christine McManus at 239-777-2020 for more details.