14561 Palm Beach BlvdFort Myers, FL 33905

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

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.

• 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

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