Property profile

2400 Cleveland Ave Fort Myers, FL 33901

OFF-MARKET
Retail properties & Spaces
6,370 SF 0.42 ac lot
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Property summary

AI-generated overview

This exceptional 6,370 square foot commercial property presents a prime redevelopment opportunity in the heart of Downtown Fort Myers. Situated on a 0.42-acre lot at the highly visible corner of US 41 and Edison Avenue, this vacant building boasts major exposure with an estimated 47,000 cars passing daily. The property features a single-story building, currently vacant, and benefits from a 5-way lighted intersection, ensuring maximum visibility for any business. The asking price is $899,000, translating to $141.13 per square foot. The property is zoned CI - Commercial Intensive and NC - Neighborhood Commercial within the City of Ft Myers limits, offering flexibility for a variety of commercial uses. This landmark building in Downtown Fort Myers represents a rare chance to acquire a significant commercial space in a high-traffic location with excellent redevelopment potential. The property includes two parcel numbers: 23-44-24-P3-02024.0160 & 23-44-24-P3-02024.0200. This is a Class D building.

Property profile

Verified
Property type Retail properties & Spaces
Total area 6,370 SF
Lot 0.42 ac (18,295 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2400 Cleveland Ave Fort Myers, FL 33901
Fort Myers metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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