FORT MYERS, Fla. (March 23, 2016) – Fischler Property Company recently negotiated the sale of three commercial condominium units in the storied Earnhardt Building in downtown Fort Myers.
The combined square footage of the three units is 5,340, and all are fully occupied.
According to the firm’s founder Phil Fischler, the $303-per-square-foot sales price is evidence of the market’s strength and robust appetite for premier assets in downtown Fort Myers’ urban core.
“Downtown’s entertainment row is commanding a premium,” Fischler said. “This is an irreplaceable asset, and investors and tenants alike are showing a strong desire for this type of stabilized, urban, walk-able, commercial property. The River District has become the entertainment and dining center for much of Fort Myers, and we are seeing a number of interesting residential and commercial development opportunities on the horizon – that will further support the River District’s dynamic growth and reinforce its sustainability.”
Fischler added that American cities are witnessing a renaissance, of sorts, as people migrate to downtown areas, and Southwest Florida is seeing more and more evidence of this reurbanization locally.
“Whether it’s for investment, entertainment or residence, there is an increasing appeal to be in thriving cities,” he said. “We don’t see that trend shifting any time soon.”
Fischler Property Company is a commercial real estate firm focused on investment, infill and redevelopment across Southwest Florida’s urban centers.
For more information, visit www.fischlerco.com or call 239-895-1060.