14531 N Cleveland Ave 3,195 SF Retail Building North Fort Myers, FL 33903 $2,727,170 ($853.57/SF)

• Centrally located to service the Cape Coral, North Fort Myers and the downtown Fort Myers markets, the property is designed and permitted to support highway retail commercial display and leasing and open and enclosed storage.
• The property’s primary access is via North Cleveland Ave, a State maintained 4-lane divided arterial operating at Level of Service C and with ample roadway traffic capacity; 2023 Average Daily Trips @ 44,900 (N. Key Dr.).
• Excellent site access and visibility is gained by the site’s 445-ft +/- North Cleveland Ave frontage.
• The 5.85 acre asset features two North Cleveland Ave access connections; full access turning movements are provided at the US 41/Evergreen Road intersection.
• The asset enjoys the highest and best Future Intensive Development Land Use designation - “Mixed use developments of high-density residential, commercial, limited light industrial, and office uses are encouraged to be developed.”; maximum building height is 135-ft (see Lee Plan Policy 1.1.2 and LDC Table 34-2175(b)).
• The asset features CPD zoning with highest and best uses such as Rental and Leasing Establishments, Business Services, Contractors and Builders, Administrative Offices, Vehicle and Equipment Dealers, Warehouses, Open and Closed Storage, Multi-family, Adult Living Facilities and many other uses.
• Existing approvals and permits include the front 1.29 ac +/-parcel Commercial Planned Development Z-17-002,the rear 4.56 ac +/- parcel Commercial Planned Development
Z-24-032, South Florida Water Management District ERP 36-110861-P and South Florida Water Management District Water Use Permit 36-10285-W.
• The North Cleveland Ave. 1.29 ac parcel features an existing 3,542 sf building (2,932 heated and cooled); site is fully developed and code-compliant with central utilities, landscaping and irrigation, surface water management and paved parking and circulation areas.
• The 5.85 acre +/- asset has available full central water (LCU), sewer (FGUA), electric and cable services and with documented development project service capacity.
• The rear 4.56 acre site has had its on-site exotic trees cleared, and it's old, depreciated onsite storage structures demolished. The site does not contain any protected or endangered plants and animals.
• Excellent potential for a mixed-use infill project - highway commercial in the front 1.29 acre parcel and affordable housing or ALF in the rear parcel; potential MF residential density is at 63 to 100 units (14 DUS per acre base density to maximum 22 DUS bonus density per acre, subject to CPD zoning amendment).
• Consistent with Florida Statute 336 and Lee County Administrative Code 13-8, the asset qualifies for a petition to vacate the Judd Road ROW; a successful ROW vacation would increase the asset’s overall size to an estimated 6.29 acres +/- while furthering potential density and intensity.