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11498 S. Cleveland Avenue 11498 S Cleveland Ave 2,610 SF Retail Building Fort Myers, FL 33907 $1,598,000 ($612.26/SF)
Investment Highlights
- 3.5± Miles to Walmart
- 5.9± Miles to Cape Coral
- 5± Miles to Downtown Fort Myers
- 12± Miles to SWFL International Aiport (RSW)
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,610 SF
Building Class
C
Year Built
1973
Price
$1,598,000
Price Per SF
$612.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.76 AC
Zoning
C-1 - Commercial
Parking
23 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
175’ on S Cleveland Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 11-45-24-01-00002.0220 | Improvements Assessment | $208,231 |
| Land Assessment | $498,540 | Total Assessment | $737,068 |
Property Taxes
Parcel Number
11-45-24-01-00002.0220
Land Assessment
$498,540
Improvements Assessment
$208,231
Total Assessment
$737,068
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11498 S. Cleveland Avenue | 11498 S Cleveland Ave
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