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    15201 Cleveland Ave Fort Myers, FL 33903

    Sponsored
    For Lease
    $24 SF/Yr

    Prime location, 833 sq ft, strong anchors.

    Lot size:
    194,427 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Merchants Crossing offers a fantastic retail opportunity in the thriving North Fort Myers, FL market. This 833 square foot space is located within a larger 194,427 square foot strip center at the highly visible intersection of N. Cleveland Avenue and Pine Island Road in Lee County. The property boasts a diverse mix of established and successful anchor tenants, including AMC Theaters, Dollar General, Bealls Outlet/Home Centric, Jo-ann Fabrics, Applebee's, Planet Fitness, and Home Depot, ensuring high foot traffic and strong consumer demographics. This space is immediately available, offering a minimum divisible space of 833 square feet, with a maximum contiguous space also at 833 square feet. A significant advantage is the proximity to a new, under-construction 280-unit residential development, comprising four buildings with amenities such as a private clubhouse, pool cabana, and dog park. This development is slated for completion with two buildings ready for occupancy by January 2025, promising a substantial increase in potential customers for the retail space. The property's strategic location and the addition of new residential units create a compelling investment opportunity with significant growth potential. This space is perfect for a variety of retail uses and represents a rare chance to establish a business in a high-demand area.

    Property Features for 15201 Cleveland Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    194,427 SF
    Total Rate
    388854

    Unit(s) available at that property

    Space
    930
    Size
    833 SF
    Rate per SF
    $24

    HighLights

    • High‑visibility location at the signalized intersection of Pine Island Road and US 41 (N. Cleveland Avenue) in Cape Coral's northeast quadrant.
    • 833 square feet of available space.
    • Strong tenant mix including Beall's Outlet, Home Centric, AMC Theatres, Jo‑Ann Fabrics, Dollar General, and Planet Fitness.
    • Pylon signage opportunity available.
    • High traffic counts: 37,500 AADT on Pine Island Road and 33,000 AADT on US 41; adjacent to a new 280‑unit residential development.
    • 194,427 square foot regional shopping center.
    Property Profile Location Intelligence

    Current Use by Public Records

    True Lyes Handcrafted ... Health And Beauty Shop Merchants Crossing Shopping ... Business Center Edible Arrangements Gift Shop Driver's License Office Driver'S License Office HQ Barbershop NFM Barber Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.904117522543
    Latitude
    26.686622994233

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    FAQs

    What type of property is this?
    Neighborhood center - Prime location, 833 sq ft, strong anchors.
    Where is this neighborhood center located?
    The property is located at 15201 Cleveland Ave Fort Myers, FL.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location at the signalized intersection of Pine Island Road and US 41 (N. Cleveland Avenue) in Cape Coral's northeast quadrant.; 833 square feet of available space.; Strong tenant mix including Beall's Outlet, Home Centric, AMC Theatres, Jo-Ann Fabrics, Dollar General, and Planet Fitness.
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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
    15201 Cleveland Ave Fort Myers, FL 33903
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