Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Physician
Location
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Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Fort Myers, FLZoning
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