5100 Cleveland AveFort Myers, FL 33907

Property Details for 5100 Cleveland Ave

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

10.54 AC

Property size (Sq ft)

36,479 SF

Zone code

CI

Property type

Community centers

APN

02-45-24-P3-02400.0010

APU

024524P3024000010

Description

This exceptional retail property, located at 5100 S Cleveland Ave in Fort Myers, Florida (zip code 33907), offers 21,950 square feet of total building space. Currently, there is 2,925 square feet of vacant space available for lease, ideal for a variety of commercial uses. The property is categorized as multi-tenant retail, situated in Lee County, Florida. Its prime location provides excellent visibility and accessibility for customers. The building's substantial size allows for flexibility in tenant configuration and potential for expansion. This is a fantastic opportunity for businesses seeking a well-established location within a thriving commercial area. The property's address is easily accessible from major roadways, ensuring high traffic flow and convenient access for both employees and customers. The available space presents a unique chance to establish or expand a business in a dynamic and growing market. Serious inquiries are encouraged to explore this promising commercial real estate opportunity. Detailed specifications and lease terms are available upon request. Don't miss this chance to secure a prominent retail presence in Fort Myers.

• CAP approach

  CAP return

  Valuation

  6%

  $11,058,100

  6.5%

  $10,207,500

  7%

  $9,478,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,610,760

  Geo Method

  $6,928,650

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,890,700

  Mixed-Use / Specialty

  $10,177,200

  Hospitality / Lodging

  $7,474,560

  Office

  $10,123,000

  Institutional / Educational

  $10,582,300

  Residential Income

  $12,381,300

  Multifamily

  $14,815,900

  Automotive / Energy

  $9,070,570

  Parking / Income-Based Land

  $3,124,160

  Restaurant / Food Service

  $5,306,150

  Healthcare / Senior Housing

  $10,430,300

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5865

Longitude

-81.8742

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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