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3821 Cleveland Avenue
Fort Myers, FL 33901
Asking Price
$2.20M
Asset Type
Auto Shop Retail
Class
Class B
What's Special
3821 Cleveland Avenue, Fort Myers, FL 33901 <ul><li>Prime Cleveland Avenue/US-41 frontage</li><li>Highly visible commercial location in Fort Myers</li><li>Currenty a 4,376 SF car wash</li><li>Excellent traffic exposure</li><li>Strong access to surrounding residential and commercial demand</li><li>Redevelopment potential in an established corridor</li><li>Suitable for investor or owner-user consideration</li><li>Acres / $/acre: 0.692/ $3,179,140.13</li><li>Land Sf / $/sf: 30,144/ $72.98</li></ul>
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NOI
$80,000
Cap Rate
3.64%
DSCR
0.61
Underwater
Cash-on-Cash
-7.67%
Monthly Payment
$10,884.4
Annual Cash Flow
$-50,612.796
