14561 Palm Beach BlvdFort Myers, FL 33905
- Retail properties
- 14,040 SF
Property Details for 14561 Palm Beach Blvd
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 4.90 AC
- Property size (Sq ft)
- 14,040 SF
- Zone code
- CC
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 28-43-26-00-00010.003A
- APU
- 2843260000010003A
Description
This exceptional retail, office, and restaurant space is located at 14561 Palm Beach Blvd, Fort Myers, FL 33905, in Lee County. The Riverdale Shopping Center offers multiple tenancy options within a 30,156 square foot building, situated at the high-traffic intersection of Palm Beach Boulevard (State Road 80) and Buckingham Road. This prime location benefits from its proximity to Riverdale High School and a strong anchor tenant, Publix, along with other established businesses such as Dollar Tree, McDonald's, Discount Auto Parts, Sunoco, and Winn Dixie. The Lee County Public Library is also conveniently located across the street. The area is experiencing significant growth, with nearby residential developments including Verandah and River Hall. Currently available spaces range from 1,200 to 2,400 square feet, with a future Phase II expansion planned, adding 20,000 to 35,000 square feet of additional space. The property is a traditional office and strip center style development, ideal for a variety of businesses. This is a unique opportunity to establish a presence in a thriving, high-visibility location within a rapidly developing community. The property is easily accessible from I-75, just five miles to the east. The property is classified as a Traditional Office, Strip Center, Service, Restaurant, Office, and Retail space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $5,968,440
- 6.5%
- $5,509,329
- 7%
- $5,115,806
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,047,438
- Geo Method
- $6,461,596
-
Alternative Use
- Use
- Valuation
- Residential
- $4,647,325
- Hospitality
- $4,256,925
- Educational
- $3,541,712
- Medical
- $3,663,516
- Retail
- $5,509,329
Location Insight
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Latitude
- 26.7084
- Longitude
- -81.7193
- 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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- Please email our support team at [email protected] and they will add the team member.
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