Courtesy: Berkshire Hathaway Florida
13251 N Cleveland Ave, North Fort Myers, FL 33903
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Last Updated: 12/14/2019 12:59 PM
Description for
13251 N Cleveland Ave
North Fort Myers, FL 33903
Well Established Charter School in North Fort Myers occupies this 5,000 square foot building on busy Hwy 41 in North Fort Myers with a NNN lease. For the savvy investor this 7% cap rate investment is a great addition to your portfolio. The existing 5 year lease has just started its 4th year with the lease rising $1.00 sq ft the 5th year and the Charter School has (2) 5 year options to renew at a 3% escalation per year. The lot size of 1.5 acres allows for the charter school to grow and continue to occupy this great location. All items such as roof (2008) along with AC systems, plumbing and electrical are in great condition and being maintained on a regular basis. The zoning of this property allows for many other uses such as restaurant, retail, etc. & is the perfect long term investment in an ever growing North Fort Myers area. Just a short drive to Downtown Fort Myers and the Marina area, Historic District and River Front shopping and dining. This area of North Fort Myers is expected to grow rapidly over the next 2 years making this a great building & land investment for the future. This charter school is a division of the larger City of Palms Charter High School in Fort Myers.
Price
Sold Price:
$690,000 Sold Date:10/30/2019
Lee
218047304
Closed
Description
Well Established Charter School in North Fort Myers occupies this 5,000 square foot building on busy Hwy 41 in North Fort Myers with a NNN lease. For the savvy investor this 7% cap rate investment is a great addition to your portfolio. The existing 5 year lease has just started its 4th year with the lease rising $1.00 sq ft the 5th year and the Charter School has (2) 5 year options to renew at a 3% escalation per year. The lot size of 1.5 acres allows for the charter school to grow and continue to occupy this great location. All items such as roof (2008) along with AC systems, plumbing and electrical are in great condition and being maintained on a regular basis. The zoning of this property allows for many other uses such as restaurant, retail, etc. & is the perfect long term investment in an ever growing North Fort Myers area. Just a short drive to Downtown Fort Myers and the Marina area, Historic District and River Front shopping and dining. This area of North Fort Myers is expected to grow rapidly over the next 2 years making this a great building & land investment for the future. This charter school is a division of the larger City of Palms Charter High School in Fort Myers.
Listing Information
Neighborhood
Room Information
Exterior / Lot Features
None
Financial Considerations
Market Trends and Price History
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View Report Current market conditions for 13251 N Cleveland Ave
Active Market Trends
Source: MLS DATA
Median list price$179,900Days on market113Properties for sale281Sold Market Trends
Source: MLS DATA
Median sold price$170,000Sales to list price95.1%Properties sold98Median sq ft price$117![]() Listing Price History
![]() North Fort Myers Real EstateNorth Fort Myers is located in Florida. North Fort Myers, Florida 33903 has a population of 42,791. The median household income in North Fort Myers, Florida 33903 is $35,317. The median household income for the surrounding county is $45,539 compared to the national median of $49,877. The median age of people living in North Fort Myers 33903 is 47 years.
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Courtesy: Berkshire Hathaway Florida
This content last refreshed on 12/14/2019 12:59 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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