12575 Cleveland AveFort Myers, FL 33907

Property Details for 12575 Cleveland Ave

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.13 AC

Property size (Sq ft)

8,960 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

13-45-24-06-00031.0140

APU

13452406000310140

Description

This well-maintained, single-story retail strip center, located at 12575 S. Cleveland Ave, Fort Myers, FL 33907, offers 14,560 square feet of space, with 2,817 square feet currently vacant. Built in 2004 and renovated in 2020, the property boasts excellent visibility on US 41, just north of College Parkway, benefiting from high traffic counts (56,000 AADT on US 41). The center features ample parking with 68 spaces and benefits from access via Austin Street. The property is zoned C-2 and features a fresh exterior paint job and prominent pylon signage. The building consists of one structure with multiple tenants. The property's APN is 13-45-24-06-00031.0140. This prime South Fort Myers location offers a strong opportunity for retail businesses seeking high visibility and convenient access in a thriving commercial area. The available space presents a chance to establish or expand a business within a well-maintained and recently updated property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,493,794

  6.5%

  $3,225,041

  7%

  $2,994,681

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,529,604

  Geo Method

  $4,123,639

• Alternative Use

  Use

  Valuation

  Residential

  $2,720,443

  Hospitality

  $2,491,911

  Educational

  $2,073,241

  Medical

  $2,144,542

  Retail

  $3,225,041

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5597

Longitude

-81.871

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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