13300 Cleveland AveFort Myers, FL 33907

Property Details for 13300 Cleveland Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.08 AC

Property size (Sq ft)

5,132 SF

Zone code

CF-2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

11-44-24-00-00017.402C

APU

1144240000017402C

Description

Cypress Trace, a prominent retail center in Fort Myers, Florida, presents an exceptional opportunity for businesses seeking high-visibility space. Located at 13300 S Cleveland Ave, zip code 33907, this freestanding retail property boasts a total of 276,288 square feet, situated on a substantial 29.72 acres of land. Built in 1987 and renovated in 2004, the center offers multiple tenancy options with a minimum divisible space of 2,022 square feet and a maximum contiguous space of 31,000 square feet currently available. This represents a significant opportunity for expansion or new ventures. The property provides ample parking, with a ratio of 3.29 spaces per 1,000 square feet. Its strategic location in Lee County places it at the heart of over 1.5 million square feet of existing retail development, making it a prime location for businesses seeking high foot traffic and visibility. This "Main & Main" intersection serves the residents of Fort Myers and Cape Coral, ensuring a robust customer base. The property's size and location make it ideal for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,001,133

  6.5%

  $1,847,200

  7%

  $1,715,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,594,412

  Geo Method

  $2,361,888

• Alternative Use

  Use

  Valuation

  Residential

  $1,558,182

  Hospitality

  $1,427,286

  Educational

  $1,187,486

  Medical

  $1,228,325

  Retail

  $1,847,200

Location Insight

City

North Fort Myers

County

Lee

State

Florida

Latitude

26.6627

Longitude

-81.8849

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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