11498 S Cleveland Ave

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11498 S Cleveland Ave

Fort Myers, FL 33907
Asking Price
$1.60M
Asset Type
Office
Class
Class B

What's Special

11498 South Cleveland Avenue is located along the primary commercial corridor of Fort Myers, Florida. The property sits within a high-traffic retail and professional district characterized by significant road frontage and visibility. The surrounding neighborhood features a dense concentration of shopping centers, dining options, and hospitality services. Accessibility is a key feature, as the site offers direct access to U.S. Highway 41 and is situated within five miles of Interstate 75. Public transportation stops are located within walking distance, providing connectivity to the broader Lee County area. The building is designed for professional office use, suitable for tenants requiring centralized regional access. Ideal use cases include administrative headquarters, legal practices, accounting firms, and medical outpatient services. The floor plates and site layout cater to established businesses seeking a high-exposure location with dedicated parking. Typical tenants at this address include service-oriented professionals and corporate entities that benefit from proximity to the Lee County government hubs and residential populations in South Fort Myers and Estero.

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NOI
$80,000
Cap Rate
5.01%
DSCR
0.84
Underwater
Cash-on-Cash
-3.10%
Monthly Payment
$7,906.032
Annual Cash Flow
$-14,872.385

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