SELL GUITARS IN PARADISE

The subject property is a unique, income producing, commercial/residential use property with retail exposure on Old Highway 41 in the River District of downtown Fort Myers, FL.

Property Includes:

• Land – 18090 square feet total in two parcels
• One commercial building currently housing Real Guitars
• Quadraplex consisting of two buildings with four apartments
• One single family residence

It is located a block from the Caloosahatchee River and is surrounded by historic sites, restaurants/clubs, retail/business space, marinas, and residential/high-rise condominium projects. The diversity of this location puts the subject property in the center of many community events, waterfront activities and ample outdoor opportunities to walk, run or bike. These attributes have lead to a strong tenant retention track record and has sustained the existing retail business.

Property Details:

• Land: Two parcels containing 18,090 square feet total
• Structures: One Commercial Building, Single Family Residence & Two Multi-Family Structures (Quadraplex)
• Zoning: "Urban Core" (commercial or residential) and "Urban General" (residential)
• Road Frontage: 75 ft. frontage on Old Business 41, now Fowler St.
• Traffic Count: ~55,000 cars/day
• Landscaping: Drought-resistant native plants, butterfly gardens, vegetable garden and fruit trees
• Part of original "high ground" settlement of Fort Myers
• Google Map Link (2004 photos – Street view more current)
• River District Info

PARCEL 1 - 1611 Fowler Street, Ft Myers, FL 33901

3 Structures – Designated Historic Landmarks
Legal Description: Strap 13-44-24-P3-00409.004E
Lot Size: 12,986 sq. ft., approximately 75 ft x 168 ft

Free-Standing Commercial Building

• Square Feet: 1427 heated sq. feet, 288 sq.ft. open front porch.
• Description: Florida pine frame Cottage built in 1890s. Used as residence until 2003.
• Current Use: Retail Business known as Real Guitars
• Upgrades:
  • Extensive renovations in 2003
  • Electrical upgrade
  • Plumbing upgrade
  • Handicapped accessible – Ramp, Bathroom
  • New windows and doors
  • Roof is original metal tiles, sealed with appropriate coating recoated in 2010
  • Refinished hardwood floors
  • New air conditioner/heat pump in 2009
• Outbuilding: Storage building at rear of retail building
• Parking:
  • 7 spaces adjacent to building with additional parking in adjoining lot.
  • The parking lot is jointly owned with City of Ft Myers.
  • Shared Use Agreement in place.
• Utilities: Municipal Water, Sewer, Trash, Florida Power & Light

Quadraplex consisting of 2 buildings - 1604 & 1606 Hough Street, Ft Myers, FL

Building 1: 1606 Hough Street:

• Description: Two 1-bedroom apartments, and 1 studio apartmentt, plus 2 storage areas Built as officer's quarters at Buckingham Air Field in 1935. Buildings moved 1948
• Square Feet: 1447 sq. ft. total

Building 2: 1604 Hough Street

• Description: One - 3 room cottage
• Square Feet: 544 sq. ft. total

Both Buildings

• Exterior:
  • Both buildings have wood lap siding.
  • Roof is original metal tiles sealed with appropriate coating.
  • Both roofs recoated in Nov. 2010
• Parking: 3 spaces in Courtyard; additional parking adjacent to commercial bldg.
• Utilities: Separately metered for each apartment - (4 meters total)
• Interior: Wood Floors throughout
• Heat/Air: Window A/C units & Electric Space Heaters
• Appliances: Range/Oven (4), Refrigerators (4); H2O Heaters (4)
• Upgrades: Plumbing was upgraded in all units in 2010

PARCEL 2: 1602 Hough Street, Ft Myers, FL 33901

Legal Description: Strap 13-44-24-P3-00409.004E
Lot Size: 6220 sq. ft., approximately 92 ft x 60 ft
1 Structure – Single story residence with 1497 sq. ft.

• Description:
  • Residential Cottage built in 1912 from Florida heart Pine.
  • 2 bd, 2 bath, dining, living, kitchen
  • Screened front porch with slim view of Caloosahatchee River
  • Hardwood floors throughout. Some original, some from Cape Fear NC "river wood"
  • Adjacent to nicely landscaped parking lot for the historic Langsford-Kingston house
• Upgrades:
  • Updated electrical, plumbing, and air/heat in 2004
  • New doors and windows
  • Granite counters, new cabinets
  • New metal roof in 2004
  • Privacy-fenced in back with picket fence in front
  • Hot Tub (Also room for a pool)
  • Solar Water Heater

RETAIL BUSINESS:

Real Guitars, a well-established guitar shop (www.real-guitars.com) with approximately $100,000 in inventory including:

• Martin Marquis dealership,
• Fender dealership,
• The only National Resophonic dealership south of Tallahassee
• The only Carr Amplifier dealership south of Tallahassee
• A good selection of affordable, quality entry-level instruments
• A good selection of ukuleles, mandolins, and banjos

In addition, we keep enough cool vintage to lure snowbirds and international tourists away from the beautiful beaches of Sannibel and Captiva. Because we started in Punta Gorda, our customer base stretches from Naples to North Port.

We pride ourselves in offering superior customer service, and have on staff a world-class professional guitar tech, Chris Conrads, who traveled with major bands for 20 years before returning to his home town, Ft. Myers. Chris has a strong following among the area players.

We are well-connected in the community as major sponsors of Friday Night Live – Frank is the spokesman, guru, and slave. As such, he books all the bands for the shows, another great connection with area musicians.

Having suffered through a utility project that made downtown Fort Myers a traffic nightmare for three years, finishing just in time for the economy to crash, Real Guitars is poised to emerge as a world class guitar shop and local landmark.

THE OFFERING:

Seller has the ability to structure the offering to include all or a portion of the real property with or without the business, Real Guitars. Owner financing will be considered with acceptable terms.

Options:

THE FINANCIALS:

Owner financing will be considered.

CONTACT US:

For more information, contact Frank Greathouse or Phyllis Hincher at Real Guitars.

Phone: 239-334-4638

Email: guitreal@gmail.com

More pictures available at:

• 1602 Hough Street Photos
• Exterior Photos of Property
• Shop Interior Photos