13240 Cleveland AveNorth Fort Myers, FL 33903
- Office properties
- 14,020 SF
Property Details for 13240 Cleveland Ave
- Year built
- 1979
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.25 AC
- Property size (Sq ft)
- 14,020 SF
- Zone code
- CC
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 11-44-24-00-00017.4B40
- APU
- 11442400000174B40
Description
This single-story, 14,000-square-foot commercial plaza, located at 13240 N Cleveland Ave in North Fort Myers, Florida, presents a unique investment opportunity. Built in 1979 and renovated in 2018, the property boasts 12 suites, with one suite currently vacant at 1,200 square feet, offering a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,200 square feet. Situated on a 2.25-acre lot, this Class C building benefits from a C-1A zoning designation. The property enjoys high visibility on N. Cleveland Avenue, a major thoroughfare with over 53,000 vehicles passing daily, providing excellent exposure for businesses. Its location just north of the Caloosahatchee River, close to downtown Fort Myers and the central business district, ensures convenient access to a large customer base. The average household income within a two-mile radius exceeds $60,000 annually, indicating strong consumer spending power. The property is ideal for various uses, including medical offices, retail establishments, adult day care centers, hair salons, or general professional practices. Pylon and building signage opportunities further enhance visibility and marketing potential. This prime location within an active retail corridor, featuring both national and local tenants, makes this a compelling investment prospect in a thriving market. The zip code is 33903.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,718,947
- 6.5%
- $3,432,874
- 7%
- $3,187,669
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,812,546
- Geo Method
- $2,560,472
-
Alternative Use
- Use
- Valuation
- Residential
- $4,256,764
- Hospitality
- $3,899,173
- Educational
- $3,244,066
- Medical
- $3,355,635
- Retail
- $5,046,326
Location Insight
- City
- North Fort Myers
- County
- Lee
- State
- Florida
- Latitude
- 26.6617
- Longitude
- -81.8837
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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