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Commercial Building on Palm Beach Blvd

12538 Palm Beach Blvd 1 Fort Myers, FL 33905

12538 Palm Beach Blvd 1, Fort Myers, FL, 33905

$2,200,000

For Sale

$2,200,000

6,000 sq ft commercial building with extra lot.

Property Size6,000 SF

Lot Size0.48 Acres

Price / SF$366.67

AddedMay 21

Days on Market56

Last RefreshJul 2 at 11:36 am

Property Features for 12538 Palm Beach Blvd 1

General Information

Standard status: Active
Size: 6,000 SF
Lot size: 0.48 Acres
Property subtype: Commercial

Building Details

Year Built: 1978

Listing office

Listing date May 21, 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 Richard L MacLellan

Investment Insights

Based on property information with market context.

This commercial building, located at 12538 & 12546 Palm Beach Blvd in Fort Myers, Florida, offers 6,000 square feet of space. The building was recently painted in 2026 and will have a new roof in 2024. A grandfathered sign is included. The property features 175 feet of frontage on Route 80 and a lot depth of 120 feet. There are 12 parking spaces, with additional parking available on the vacant lot and behind the building. Hurricane shutters cover the entire front of the building. The building includes two 10-foot bay doors and two rear ground-level doors. An extra lot is included in the price, bringing the total acreage to 0.48. The building can be vacated with a signed Purchase and Sale agreement, with a negotiable closing period of 30-60 days.

Key Highlights

Grandfathered signage on high‑traffic Rt 80 (Palm Beach Blvd) offers excellent visibility.
New roof installed in 2024.
6,000 sq ft commercial building on a .48 acre lot.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$115.9k	$19.32
− Vacancy	−$3.5k	−$0.58
EGI	$112.4k	$18.74
− OpEx	−$33.7k	−$5.62
NOI	$78.7k	$13.12

6,000 SF · lease $19.32/SF/yr · vacancy 3.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.12M

$983.9K – $1.31M (±1% cap)

NOI $78,710 @ 7.0% cap · market cap 3.58%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,192 @ 7.0% cap · market cap 6.01%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Glorious Community Holiness Church Sipes Upholstery Furniture & Home Goods

Suggested Use

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For sale
Storefront properties
FL
Fort Myers
33905
12538 Palm Beach Blvd 1

What type of property is this?

Storefront property - 6,000 sq ft commercial building with extra lot.

Where is this storefront property located?

The property is located at 12538 Palm Beach Blvd 1 Fort Myers, FL.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Grandfathered signage on high‑traffic Rt 80 (Palm Beach Blvd) offers excellent visibility.; New roof installed in 2024.; 6,000 sq ft commercial building on a .48 acre lot.