11598 &11600 S Cleveland Ave Fort Myers, FL 33907

Listing Agency Lee & Associates | Fort Myers c***@lee-associates.com Show Phone

Listed by Colton Brausen Show Phone

Source Lee-associates

Added: Mar 6 Checked: Jul 16 at 3:19 am

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Investment Insights

Based on property information with market context.

Two freestanding retail buildings are available for sale, situated on 0.65 acres. The buildings are net leased, generating a total income of $15,300 per month. The annual Net Operating Income (NOI) for the first year is $183,609, with an average return over five years of 6.93%. The property benefits from excellent visibility, featuring over 150 feet of frontage along Cleveland Avenue (US 41). The property is zoned C-1 (Commercial - Lee County).

Key Highlights

• High annual Net Operating Income (NOI) of $183,609 in year 1.
• Average return of 6.93% over 5 years.
• Two freestanding, net‑leased retail buildings generating $15,300 monthly income.

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FAQs

What type of property is this?

Retail property - Two net-leased retail buildings for sale with excellent visibility.

Where is this retail property located?

The property is located at 11598 &11600 S Cleveland Ave Fort Myers, FL.

What is the asking price?

The asking price for this property is $2,850,000.

What are key features of this property?

This property features: High annual Net Operating Income (NOI) of $183,609 in year 1.; Average return of 6.93% over 5 years.; Two freestanding, net‑leased retail buildings generating $15,300 monthly income.