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11598 S Cleveland Ave Fort Myers, FL 33907

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For Sale
$2,850,000

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

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Listing Contact
Colton Brausen
Colton Brausen
Source: Lee-associates

Listing Agent: Colton Brausen

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Two Freestanding Retail Buildings

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).
Location Intelligence

Current Use by Public Records

Leslie's (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Fort Myers
County
Lee
State
Florida
Longitude
-81.8724867
Latitude
26.5715292

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 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.
More about this property
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