14561 Palm Bch Blvd Fort Myers, FL 33905-2327
- Community centers
- 14,040 SF
- 4.90 lot acres
May 04, 2023
Current Use by Public Records
- Country Cuts / Barber Shop
- Diamond Nails Lounge LLC / Nail Salon
- Premia Fitness Riverdale / Gym & Fitness Center
- Subway / Restaurant / Take-out & Catering
- Sunny Days Laundromat / (Bike/Boat/Book/etc) Store
Property Details for 14561 Palm Bch Blvd
- Year built
- 1983
- Construction
- STEEL FRAME
- Lot size
- 4.90 lot acres
- Property size
- 14,040 SF
- Zone code
- CC
- Property type
- Community centers
- APN
- 28-43-26-00-00010.003A
- APU
- 2843260000010003A
Description
This exceptional retail, office, and restaurant space is located at 14561 Palm Beach Blvd, Fort Myers, FL 33905, in Lee County. The Riverdale Shopping Center offers multiple tenancy options within a 30,156 square foot building, situated at the high-traffic intersection of Palm Beach Boulevard (State Road 80) and Buckingham Road. This prime location benefits from its proximity to Riverdale High School and a strong anchor tenant, Publix, along with other established businesses such as Dollar Tree, McDonald's, Discount Auto Parts, Sunoco, and Winn Dixie. The Lee County Public Library is also conveniently located across the street. The area is experiencing significant growth, with nearby residential developments including Verandah and River Hall. Currently available spaces range from 1,200 to 2,400 square feet, with a future Phase II expansion planned, adding 20,000 to 35,000 square feet of additional space. The property is a traditional office and strip center style development, ideal for a variety of businesses. This is a unique opportunity to establish a presence in a thriving, high-visibility location within a rapidly developing community. The property is easily accessible from I-75, just five miles to the east. The property is classified as a Traditional Office, Strip Center, Service, Restaurant, Office, and Retail space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,055,000
- ML approach
- $3,305,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,715,000
- 6.5%
- $3,430,000
- 7%
- $3,185,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,793,000
Market price range: $2.04M - $5.44M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $3,320,000 Current use
- OFFICE BUILDING
- $3,845,000 Change: +16% Conversion: Moderate
- MEDICAL BUILDING
- $3,730,000 Change: +12% Conversion: Difficult
- RETAIL STORES
- $3,655,000 Change: +10% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,480,000 Change: +5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.7193
- Latitude
- 26.7084
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA