15201 N Cleveland Ave, North Fort Myers, FL 33903
- Community centers
- 5,916 SF
- 21.43 lot acres
Current Use by Public Records
- Community centers
Property Details for 15201 N Cleveland Ave
- Year built
- 1993
- Construction
- STEEL FRAME
- Lot size
- 21.43 lot acres
- Zone code
- CPD
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 34-43-24-L4-04000.0020
- APU
- 344324L4040000020
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,292,000
- AI Estimate
- $1,386,000
Market price range: $860k - $2.29MMarket price range: $183k - $1.39M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,400,000 Current use
- COMMERCIAL (GENERAL)
- $2,125,000 Change: +52% Conversion: Easy
- OFFICE BUILDING
- $1,620,000 Change: +16% Conversion: Moderate
- MEDICAL BUILDING
- $1,570,000 Change: +12% Conversion: Difficult
- RETAIL STORES
- $1,540,000 Change: +10% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $1,150,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- North Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.9033
- Latitude
- 26.6851
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
