NORTH FORT MYERS - Plaza 41 & Commons For Sale

Property Overview

13121 N. CLEVELAND AVENUE, NORTH FORT MYERS, FL 33903

Plaza 41 and Commons is a high visibility, 5-building complex on US 41 suitable for retail, restaurant, office and medical uses. This neighborhood center is situated within an Active Retail corridor with national and local tenant presence and located close to Downtown Fort Myers, the Central Business District and related activities.

PROPERTY FEATURES

• High Visibility Corner
• Total Buildings: 26,820± SF
• Land Size: 3.08± Acres
• Occupancy: 89%
• NOI: $272,600
• CAP Rate: 8.01%
• Year Built: 1976
• Zoning: C-1A (Lee County)
• Real Estate Taxes: $26,585 (2018)
• Traffic Count: 44,500 AADT (2018)
• Strap #11-44-24-00-00017-3060

Property Details

For Sale:Yes
Property Type:Shopping Center
Subtype:Retail-Commercial: Street Retail
Use Type:Investment
Status:Active
Street Address:13121 N. CLEVELAND AVENUE
City:North Fort Myers
Postal Code:33903
County:Lee
Construction Status:Existing
Asking Sale Price:$3,400,000
Cap Rate:8%
NOI:$272,600
Terms:Cash to Seller
Building Size:26820 SF
Tenancy:Multiple Tenants
Percent Occupied:89%
Number of Stories:1
Year Built:1976
Land Size:3.08 Acres
Zoning:C-1A
Road Type:Paved
Legal Description:Strap #11-44-24-00-00017-3060