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Property profile & analytics
FOR SALE
Turn key restaurants

4805 S Cleveland Ave Fort Myers, FL 33907

6,165 SF 0.6 ac lot Built 1973
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-8975206
Property summary
AI-generated overview

This exceptional 8,100 square foot retail space, situated on a 0.59-acre lot in Fort Myers, Lee County, Florida, presents a unique opportunity for a restaurant or bar tenant. Currently offering 5,400 square feet of vacant space, this single-tenant property is ideally located at 4805 S Cleveland Ave, conveniently positioned just south of Colonial Boulevard and directly across from Rooms to Go, ensuring high visibility and accessibility. The property boasts a robust three-phase power supply and is zoned for commercial use. The parcel number is 01-45-24-P1-00300.0001. Previously utilized as a restaurant, the space retains much of its existing equipment, including two hood vents exceeding 20 feet in length each, a fire sprinkler system, and a kitchen fire suppression system. The minimum divisible space is 2,200 square feet, offering flexibility for potential tenants. This property is an excellent opportunity for a business seeking a well-equipped, high-traffic location in a thriving Fort Myers submarket. The property's address is 4805 S Cleveland Ave, Fort Myers, FL 33907.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,165 SF
Lot 0.6 ac (26,058 SF)
Zoning code CI
APN 01-45-24-P1-00300.0001
UPID US18-8975206
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kabab Spot Grocery & Convenience Store
  • The big easy arcade Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.48M
Blend (final) Blend
$1.50M
Owner & transaction history
M&j Yang Propertys LLC · 4 yrs held
M&j Yang Propertys LLC
since 2022
Last sale
$1.5M
5 recorded transactions
2022
$1.5M
2017
$925,000
2012
Price N/A
2005
$690,000
2005
$3.0M
Zoning & alternative use
CI · Fort Myers, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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