Car Wash Redevelopment
3821 Cleveland Avenue Fort Myers, FL 33901
3821 Cleveland Avenue, Fort Myers, FL, 33901
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For Sale
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Redevelopment opportunity at an existing car wash site on Cleveland Avenue/US-41 in Fort Myers.
Property Size4,376 SF
Price / SF$502.74
Days on Market80
Property Features for 3821 Cleveland Avenue
General Information
- Standard status
- Active
- Size
- 4,376 SF
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1970
Listing agency
MSC Commercial
(941) 323-0060
Listed by
Lee DeLieto Jr · License #BK702292
Source
Crexi
Added: May 4 Updated: Jul 22 at 12:52AM Checked: Jul 22 at 12:52AM
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 MSC Commercial
Investment Insights
Based on property information with market context.
The property at 3821 Cleveland Avenue is currently improved as a car wash and may offer redevelopment possibilities for buyers looking to reposition an existing site. The listing provides an existing site configuration with the benefit of in-place improvements for a new owner to evaluate.
Located along Cleveland Avenue/US-41 within an established commercial corridor in Fort Myers, the site is positioned for convenient access to the surrounding retail and service market. The property’s frontage on a primary roadway supports straightforward visibility to passing traffic and supports a range of potential redevelopment concepts, subject to applicable approvals.
Located along Cleveland Avenue/US-41 within an established commercial corridor in Fort Myers, the site is positioned for convenient access to the surrounding retail and service market. The property’s frontage on a primary roadway supports straightforward visibility to passing traffic and supports a range of potential redevelopment concepts, subject to applicable approvals.
Key Highlights
- Existing car wash property on Cleveland Avenue/US‑41 in Fort Myers
- 1970 year built
- Redevelopment opportunity along a highly visible Fort Myers commercial corridor
Local Financial Insights For Specialty 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 | $94.5k | $21.60 |
| − Vacancy | −$1.9k | −$0.43 |
| EGI | $92.6k | $21.17 |
| − OpEx | −$23.2k | −$5.29 |
| NOI | $69.5k | $15.88 |
4,376 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$992.5K
$868.4K – $1.16M
NOI $69,473 @ 7.0% cap · market cap 3.16%
Second Best
Retail
$820.1K
$717.6K – $956.8K
NOI $57,406 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,412 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rocket Shine Car ...
Car Wash
Smart Car Wash ...
Car Wash
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Redevelopment opportunity at an existing car wash site on Cleveland Avenue/US-41 in Fort Myers.
Where is this car wash located?
The property is located at 3821 Cleveland Avenue 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: Existing car wash property on Cleveland Avenue/US‑41 in Fort Myers; 1970 year built; Redevelopment opportunity along a highly visible Fort Myers commercial corridor
