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11120 S Cleveland Ave
Fort Myers, FL 33907
Mixed-Use Retail Strip · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Situated on one of the busiest corridors in Ft. Myers, South Cleveland Avenue runs north-south: 63,000 ADT
- Diagonally Across from Aldi, Directly Across from Page Air Field
- Large Population Density: 12,709 – 1 Mile | 70,253 – 3 Miles
- Upside with leasing vacant space - Below Market Rents
- Immediate Nearby Major Retailers: Sam’s Club, Trader Joe’s, Best Buy, Ross, Marshalls, Dick’s Sporting Goods, PetSmart, Rooms to Go, Panera & more
- Migration Explosion & Directly in Path of Progress & Development
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale 11120 S. Cleveland Avenue, a 13,200 SF mixed-use asset located along one of the busiest corridors in the Ft. Myers metro area, S. Cleveland Avenue. This north-south thoroughfare provides access to nearly 63,000 cars per day and links Ft. Myers to North Ft. Myers via the Caloosahatchee Bridge located 4.5 miles north of the plaza. The property is currently 75% leased to two (2) showroom tenants.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,905 SF
Building Class
C
Year Built
1977
Price
$3,304,802 CAD
Price Per SF
$237.67 CAD
Cap Rate
7.90%
NOI
$261,079 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
14’
Building FAR
0.39
Lot Size
0.82 AC
Zoning
C-2 - General Commercial District
Parking
33 Spaces (2.37 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Metro/Subway
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 11-45-24-00-00005.405A | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,947,867 CAD |
PROPERTY TAXES
Parcel Number
11-45-24-00-00005.405A
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,947,867 CAD
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