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    2531 Cleveland Ave Fort Myers, FL 33907

    Sponsored
    For Sale
    $7,690,500

    Prime location, owner-user opportunity

    Property size:
    37,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional two-story, 37,960 square foot Class B medical office building presents a unique investment or owner-user opportunity in the heart of Fort Myers, Florida. Located on 2.79 acres with 450 linear feet of frontage on highly trafficked Cleveland Avenue (AADT: 41,500), this property boasts unparalleled visibility and accessibility. Built in 1981 and renovated in 2000, the building features approximately 50 exam rooms and 30 private offices, along with ample open office/storage areas, meeting rooms, conference spaces, and reception areas. A detached single-story building provides additional office or storage capacity. Its proximity to Lee Health Memorial Hospital (0.2 miles), Downtown Fort Myers (1 mile), and major roadways ensures high traffic and convenient access. The property is currently vacant, offering a blank canvas for a medical practice or adaptable for professional office and higher education uses. With its substantial size and versatile layout, this building can easily accommodate multiple tenants, making it an ideal investment for generating rental income. The property includes 216 surface parking spaces. This offering represents one of the last remaining medical office buildings of this size in the desirable Fort Myers submarket and is being offered well below replacement cost. The permitted zoning is CI. The property's APN numbers are: 244424P40070D0110

    Property Features for 2531 Cleveland Ave

    General Information

    Property type
    Medical offices
    Square Feet
    37,960 SF
    Class
    B
    Lot Size
    121,532 SF

    Building Details

    Year Built/Renovated
    1981/2000
    Buildings
    1
    Stories
    2

    HighLights

    • 37,960 SF Class B medical office building in Fort Myers, FL, near Lee Health Memorial Hospital.
    • Suitable for owner‑user or multi‑tenant investment.
    • Rare offering: one of the last remaining medical office buildings of this size in Fort Myers.
    • High‑visibility location with 450 linear feet of frontage on Cleveland Avenue (US‑41), less than one mile from downtown.
    • Offered below replacement cost.
    • 2.79 acres with 216 surface parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tilia Gonzalez Physician Assistant Tom Hong Orthopedic Surgeon Alika Wood Physical Therapist Ryan Nelson General Practitioner Michael Gartland Physical Therapist

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.872446470991
    Latitude
    26.630652184521

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    FAQs

    What type of property is this?
    Medical office - Prime location, owner-user opportunity
    Where is this medical office located?
    The property is located at 2531 Cleveland Ave Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $7,690,500.
    What are key features of this property?
    This property features: 37,960 SF Class B medical office building in Fort Myers, FL, near Lee Health Memorial Hospital.; Suitable for owner-user or multi-tenant investment.; Rare offering: one of the last remaining medical office buildings of this size in Fort Myers.
    Request Owner's contact information
    2531 Cleveland Ave Fort Myers, FL 33907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2531 Cleveland Ave Fort Myers, FL 33907
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