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Fort Myers Commercial Building For Sale

3018 Cleveland Ave Fort Myers, FL 33901

3018 Cleveland Ave, Fort Myers, FL, 33901
$550,000
For Sale
Claim this Listing
$550,000

Commercial building with garage, office, and covered parking available.

Property Size1,389 SF
Lot Size0.34 Acres
Price / SF$395.97
AddedMar 10
Days on Market128
Last RefreshJul 3 at 3:02 am

Property Features for 3018 Cleveland Ave

General Information

Standard status
Active
Size
1,389 SF
Lot size
0.34 Acres
Property subtype
Commercial

Building Details

Year Built
1955

Listing office Premier Commercial Inc

Listing date Mar 10, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Inc


Investment Insights

Based on property information with market context.

The property features a 1,389± square foot building, which includes approximately 316± square feet of office and storage space, along with a 1,073± square foot garage. The garage area is equipped with 4 overhead doors and 2 oil change bays. Additionally, there is an adjacent 1,175± square feet of covered parking. Zoned Commercial Intensive by the City of Fort Myers, the property permits a variety of uses, including banks, car washes, convenience stores, laundromats, light manufacturing, medical and professional offices, pharmacies, restaurants, vehicle service and repair, vehicle sales, warehousing, and pawnshops. The property is located on the corner of Cleveland Avenue (US-41) and Sunset Place, less than one block south of Hanson Street.

Key Highlights

  • High‑Traffic Location: Corner lot on Cleveland Ave (US‑41), near Hanson Street.
  • Commercial Intensive Zoning: Wide range of permitted uses including vehicle service/repair, retail, and offices.
  • Functional Garage Space: 1,073± SF garage with 4 overhead doors and 2 oil change bays.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $26.8k $19.32
− Vacancy −$805 −$0.58
EGI $26.0k $18.74
− OpEx −$7.8k −$5.62
NOI $18.2k $13.12
1,389 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$260.3K
$227.8K – $303.7K (±1% cap)
NOI $18,221 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$181.1K
$158.5K – $211.3K (±1% cap)
NOI $12,680 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$437.2K
$382.5K – $510.0K (±1% cap)
NOI $30,602 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

10MINIT Oil Change ... Auto Repair Shop

Suggested Use

Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Pet Store Veterinary Clinic Tech Support Center Skin Care Clinic

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

Similar Off Market Nearby

  • B&C Fleet Service And Diesel Repair LLC — 2531 Fowler St, Fort Myers, FL 33901
  • DirecTires Of Fort Myers — 2531 Fowler St, Fort Myers, FL 33901
  • AAMCO Transmissions & Total Car Care — 2525 Fowler St, Fort Myers, FL 33901
  • TLS Automotive Inc. — 2559 Fowler St, Fort Myers, FL 33901
  • Leal's Deal's on Wheel's & Tire's — 2531 Fowler St, Fort Myers, FL 33901

FAQs

What type of property is this?
Auto shop - Commercial building with garage, office, and covered parking available.
Where is this auto shop located?
The property is located at 3018 Cleveland Ave Fort Myers, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑Traffic Location: Corner lot on Cleveland Ave (US‑41), near Hanson Street.; Commercial Intensive Zoning: Wide range of permitted uses including vehicle service/repair, retail, and offices.; Functional Garage Space: 1,073± SF garage with 4 overhead doors and 2 oil change bays.
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