Cleveland Avenue MOB | 2531 S Cleveland Ave
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Cleveland Avenue MOB 2531 S Cleveland Ave
37,960 SF Office Building Fort Myers, FL 33901 $7,690,500 ($203/SF)
Investment Highlights
- Two-story, 37,960± Sq. Ft. Class B Medical Office building located within immediate proximity to Lee Health Memorial Hospital.
- One of the last remaining medical office buildings available in this size range in the Fort Myers submarket.
- The property is being sold well below replacement value.
- Ideal for an owner-user or an investor seeking to demise the property as a multi-tenant, income-producing asset.
- Prime location with 450 linear feet of frontage on Cleveland Avenue (US-41) and less than 1 mile from downtown Fort Myers.
- The buildings sit on 2.79± acres and include 216 surface level parking spaces.
Executive Summary
LSI Companies is pleased to present 2531 Cleveland Avenue, a 37,960± square foot facility that is move-in ready for a medical office user or easily adaptable for professional office and higher education purposes.
Formerly home to Orthopedic Specialists of SW Florida for over 20 years, this well-maintained two-story Medical Office Building (MOB) offers a rare opportunity for an owner-user to establish a presence in the highly sought-after Fort Myers sub-market or for an investor to capitalize on its potential as a multi-tenant, income producing asset.
Centrally located in the heart of Fort Myers, the property boasts 450 linear feet of frontage on highly trafficked Cleveland Avenue (AADT: 41,500) and is within immediate proximity to Lee Health Memorial Hospital and less than a mile from Downtown Fort Myers.
This versatile Class B MOB can support a variety of practices, with the potential to easily be demised to accommodate up to three tenants. Built in 1981, the building has undergone multiple renovations and features nearly 50 exam rooms and 30 private offices, as well as several open office/storage areas, meeting rooms, conference spaces, and reception areas. Additionally, the offering includes a detached single-story building offering extra office and/or storage capacity.
INVESTMENT HIGHLIGHTS:
• Two-story, 37,960± Sq. Ft. Class B Medical Office building located within immediate proximity to Lee Health Memorial Hospital.
• Ideal for an owner-user or an investor seeking to demise the property as a multi-tenant, income-producing asset.
• One of the last remaining medical office buildings available in this size range in the Fort Myers submarket.
• Prime location with 450 linear feet of frontage on Cleveland Avenue (US-41) and less than 1 mile from Downtown Fort Myers.
• The property is being sold well below replacement value.
• The buildings sit on 2.79± acres and include 216 surface level parking spaces.
LOCATION HIGHLIGHTS:
• 0.2± miles to Lee Memorial Hospital
• 0.7± miles to Dr MLK Jr. Blvd. (SR-82)
• 1± mile to Downtown Fort Myers
• 2.1± miles to North Fort Myers
• 2.3± miles to Colonial Boulevard
• 3.2± miles to Page Field Commons
• 3.5± miles to Page Field Airport
• 4.9± miles to I-75
• 5.2± miles to Cape Coral
• 15.5± miles to Southwest FL Int’l Airport (RSW)
Formerly home to Orthopedic Specialists of SW Florida for over 20 years, this well-maintained two-story Medical Office Building (MOB) offers a rare opportunity for an owner-user to establish a presence in the highly sought-after Fort Myers sub-market or for an investor to capitalize on its potential as a multi-tenant, income producing asset.
Centrally located in the heart of Fort Myers, the property boasts 450 linear feet of frontage on highly trafficked Cleveland Avenue (AADT: 41,500) and is within immediate proximity to Lee Health Memorial Hospital and less than a mile from Downtown Fort Myers.
This versatile Class B MOB can support a variety of practices, with the potential to easily be demised to accommodate up to three tenants. Built in 1981, the building has undergone multiple renovations and features nearly 50 exam rooms and 30 private offices, as well as several open office/storage areas, meeting rooms, conference spaces, and reception areas. Additionally, the offering includes a detached single-story building offering extra office and/or storage capacity.
INVESTMENT HIGHLIGHTS:
• Two-story, 37,960± Sq. Ft. Class B Medical Office building located within immediate proximity to Lee Health Memorial Hospital.
• Ideal for an owner-user or an investor seeking to demise the property as a multi-tenant, income-producing asset.
• One of the last remaining medical office buildings available in this size range in the Fort Myers submarket.
• Prime location with 450 linear feet of frontage on Cleveland Avenue (US-41) and less than 1 mile from Downtown Fort Myers.
• The property is being sold well below replacement value.
• The buildings sit on 2.79± acres and include 216 surface level parking spaces.
LOCATION HIGHLIGHTS:
• 0.2± miles to Lee Memorial Hospital
• 0.7± miles to Dr MLK Jr. Blvd. (SR-82)
• 1± mile to Downtown Fort Myers
• 2.1± miles to North Fort Myers
• 2.3± miles to Colonial Boulevard
• 3.2± miles to Page Field Commons
• 3.5± miles to Page Field Airport
• 4.9± miles to I-75
• 5.2± miles to Cape Coral
• 15.5± miles to Southwest FL Int’l Airport (RSW)
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
37,960 SF
Building Class
B
Year Built/Renovated
1981/2000
Price
$7,690,500
Price Per SF
$203
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
18,980 SF
Slab To Slab
10’
Building FAR
0.31
Land Acres
2.79 AC
Zoning
CI - Commercial Intensive
Parking
216 Spaces (5.69 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Reception
- Storage Space
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 24-44-24-P4-0070D.0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $6,923,481 |
PROPERTY TAXES
Parcel Number
24-44-24-P4-0070D.0080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,923,481
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Power Broker Justin Thibaut -
Alec Burke -
Drew Davis -
LSI Companies, Inc.
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Cleveland Avenue MOB | 2531 S Cleveland Ave
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