11498 S Cleveland Ave - Restaurant FOR SALE


Fort Myers, FL 33907- Page Park
$1,598,000 USD
239-940-3171
11498 S Cleveland Ave, Fort Myers, FL for Sale
$1,598,000 USD
Restaurant - FOR SALE
1/7
null | Request Cap Rate

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11498 S Cleveland Ave
Fort Myers, FL 33907
Page Park


HIGHLIGHTS

  • 3.5± Miles to Walmart
  • 5± Miles to Downtown Fort Myers
  • 5.9± Miles to Cape Coral
  • 12± Miles to SWFL International Aiport (RSW)

OVERVIEW

EXECUTIVE SUMMARY: 11498 S. Cleveland Avenue is a freestanding second-generation restaurant building in Fort Myers, FL. With approximately 175’ of frontage along US-41, and excellent exposure to nearly 53,000 vehicles per day, this creates a unique opportunity for an end-user, speculative investor or developer. The property has multiple points of access, and great corner exposure at the corner of US-41 and Oak Dr. The location sits within a dense commercial corridor, with a population count over 69,000 within a 3-mile radius, and average household income of $75,000±. The expected growth rate between 2025-2029 is 3.5%. Within 2± miles both North and South of Subject, there are several developments and re-developments across multiple stages, both multi-state and nationally recognized brands. PROPERTY HIGHLIGHTS: • 4,212± Sq. Ft. • 2nd-Gen Freestanding Restaurant • High visibility from S. Cleveland Ave. (US-41) - AADT 53,000± • Ample On-Site Parking • Dedicated turning lane from S. Cleveland Ave. (US-41) • 2 Points of Ingress/Egress • Accessible from both North and South bound traffic

FOR SALE DETAILS

PRICE

$1,598,000 USD

PRICE/SF

$612 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

11498 S. Cleveland Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-1

APN/PARCEL ID

11-45-24-01-00002.0220

ASK ABOUT THIS PROPERTY

Mike TrivettLSI Companies, Inc.More Info
239-940-3171

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Mike TrivettLSI Companies, Inc.More Info
239-940-3171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.