Lee & Associates|Naples-Ft. Myers 6300 Techster Boulevard, Suite 1Fort Myers, FL 33966w w w. l e e - a s s o c i a t e s . c o m

To learn more, please contact:

Jeff ForsytheSenior Vice PresidentDirect: 239.233.5212jforsythe@lee-associates.com

Y O U R L O C A L M A R K E T EXPERT

Jennifer CastriottaSenior Vice PresidentDirect: 239.357.2255jcastriotta@lee-associates.com

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE3611 Cleveland Avenue, Ft. Myers, FL 33901

CLEVELAND AVE

g PRICE: $2,499,000

g LAND SIZE: 5 Acres

Located on high-traffic Cleveland Ave. in the City of Ft. Myers the present zoning for this 5

g DESCRIPTION:

Although there are 4 buildings on the site, some of which are heavily distressed, this property is being offered at a higher and better use for redevelopment as mixed-use, with one or two front-age retail pads, and the rear for multi-family or an ALF.

340 Feet Frontage

g ZONING: CI, Commercial Intensive, (CFM)

g TRAFFIC COUNT: 56,000 AADT

acre site is Commercial Intensive (CI), the city’s most liberal of commercial districts, and which allows for mixed use, including office, retail, hospitality, self-storage and high-density multi-family residential (25 units per acre) or assisted living (ALF). Its close proximity to Edison Mall and Lee Memorial (Lee Health) Hospital creates potential for use by health services and senior living. Access is very good from both directions with a center bi-directional left turn lane.

A new site plan that maximizes its value is likely to be mixed use with two frontage retail pads of 1 - 1.25 acres each (or small strip center), and multi-family residential or assisted living in the rear. The site has the potential for up to 125 dwelling units, depending on the total combined parking requirements for a mixed-use plan. An ALF may be the most feasible with the reduced parking it requires.

Street View South - Walgreen’s Pharmacy

Street View North- McDonald’s

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE

3611 Cleveland Avenue, Ft. Myers, FL 33901

L e e & A s s o c i a t e s | N a p l e s - F t . M y e r s , 6 3 0 0 Te c h s t e r B o u l e v a r d , S u i t e 1 , F o r t M y e r s , F L 3 3 9 6 6

YOUR LOCAL MARKE T EXPERT

The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

OLD 41 RD

OLD 41 RD

ESTERO PKWY

TREE

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VEWINKLER AVE

SUM

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BOY SCOUT

Page FieldAirport

31

82

82

80

80

78

78

867

867

VETERANS PKWY

Estero BayPreserve

State Park

Lovers KeyState Park

78

GATEWAY

BUCKINGHAMTICE

BEACH

PALM

BLVDFORTMYERS

SHORES

OLGA

ALVA

WHISKEYCREEK

SanCarlos Bay

SAN CARLOSPARK

TerminalAccess Rd

Southwest Florida

InternationalAirport

Southwest Florida

InternationalAirport

Old US 41HANSON

Hurricane Bay

Matanzas Pass

LUCKETT

Jet Blue Park

for the Red Sox

DANIELS

PKWY E

XT.

LEE COUNTY

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE

3611 Cleveland Avenue, Ft. Myers, FL 33901

L e e & A s s o c i a t e s | N a p l e s - F t . M y e r s , 6 3 0 0 Te c h s t e r B o u l e v a r d , S u i t e 1 , F o r t M y e r s , F L 3 3 9 6 6

YOUR LOCAL MARKE T EXPERT

The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

CLEVELAND AVENUE REDEVELOPMENT AREAThe boundaries for this 3.5 mile stretch of Cleveland Av-enue include approximately one block on either side of the road from Edison Avenue to the City limits at Page Field. Predominantly a commercial corridor, Cleveland Avenue serves as a major transportation corridor, carry-ing traffic north-south and providing connectivity for the Fort Myers-Cape Coral region. From a local perspective, Cleveland Avenue serves as a gateway to the City of Fort Myers and to the Downtown River District in particular.

The City of Fort Myers envisions that this section of the Cleveland Ave CRA will become a “medical corridor”, in anticipation of Lee Health’s future plans for the Lee Me-morial Hospital campus.

The main goals of the Plan were to improve the appear-ance of the corridor and to encourage private investment and quality redevelopment in the corridor. Improving the safety and comfort of the pedestrian realm is also identi-fied as a priority.

While the Plan incorporates an array of benefits that exist-ing properties and businesses can take advantage of, there are two very significant incentives which could be very beneficial for the economical redevelopment of this particular property:

H

Edison Mall

Off-site Storm Water Management. For redevelopment of the site the existing buildings will be demol-ished and a new site plan will need to be engineered. Normally on-site storm water management would involve significant excavation and creation of retention ponds, which would cause a loss of 15-20% of use-able acreage. There are off-site storm water management credits available from the neighboring Fort Myers County Club.

Tax Increment Financing (TIF). Redevelopment will undoubtedly create a significant increase in assessed property valuation and therefore increased property tax revenue for the city. For a qualifying project, such as affordable housing, up to 95% of property’s ad-valorem city and county tax increases can possibly be rebated to the property owner over a 10 year period or more. This could conceivably offset the acquisition cost of the property.

Fort MyersGolf Course & Country Club

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE

3611 Cleveland Avenue, Ft. Myers, FL 33901

L e e & A s s o c i a t e s | N a p l e s - F t . M y e r s , 6 3 0 0 Te c h s t e r B o u l e v a r d , S u i t e 1 , F o r t M y e r s , F L 3 3 9 6 6

YOUR LOCAL MARKE T EXPERT

The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

CITY OF FORT MYERSFort Myers is the county seat and commercial center of Lee County, Florida. It has grown rapidly in recent years. As a major tourist destination within Florida, Fort Myers is the gateway to the Southwest Florida region and its beach communities of Fort Myers Beach and Sanibel and Capitiva.

POPULATIONThe population of Fort Myers was 62,298 during the 2010 census, and in 2017 was estimated at 79,943. Between the 2000 census and 2010 census, the city’s population increased at a rate of 29.2 percent.

Fort Myers is one of two cities that make up the Cape Coral-Fort Myers Metropolitan Statistical Area. The 2010 popu-lation for the metropolitan area was 618,754. The population of Lee County, Florida and the Cape Coral-Fort Myers Metropolitan Statistical Area has grown 40.3 percent since the census in 2000, much faster than the average growth rate of 17.6 percent experienced throughout the State of Florida.

TRANSPORTATIONThe Fort Myers Metropolitan Area is served by two sepa-rate airports:

Southwest Florida International Airport (RSW), IS located southeast of the city. The airport, which sits on 13,555 acres of land, is the 45th busiest airport (by annual pas-sengers). In 2017 the airport served 8,842,549 people. It has been ranked as one of the top ten under ten million in the United States.

The Fort Myers area is secondarily served by Page Field, which is primarily used for small planes and General Avia-tion.

Buses run by LeeTran provide local service in Fort Myers.

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE

3611 Cleveland Avenue, Ft. Myers, FL 33901

L e e & A s s o c i a t e s | N a p l e s - F t . M y e r s , 6 3 0 0 Te c h s t e r B o u l e v a r d , S u i t e 1 , F o r t M y e r s , F L 3 3 9 6 6

YOUR LOCAL MARKE T EXPERT

The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

COLONIAL BLVDCOLONIAL BLVD

WINKLER AVE

North

Edison Mall

Fort Myers Country Club

To Cape Coral

To

Caloosahatchee River

River District &Downtown Ft. Myers MLK BLVD SR 82

McG

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GO

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LVD

To

ColonialElementary

School

SouthwestFloridaCollege

FranklinPark

ElementarySchool

Ft. MyersHigh Edison

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g High traffic & visibility. Traffic counts exceeding 56,000 per day (annualized average)

g Entitled for residential density of 25 units per acre, 125 total. Mixed use with retail does not reduce total entitlement

g Flanked by McDonalds and Walgreens

g Close to Lee Memorial Hospital, Edison Mall, and on a major highway with bus service

DunbarHigh

School

Allen ParkElementary

School Ft. MyersMiddle

Academy

Lee Co.SchoolDistrict

FOR SALE5 ACRES MIXED-USE REDEVELOPMENT SITE

3611 Cleveland Avenue, Ft. Myers, FL 33901

L e e & A s s o c i a t e s | N a p l e s - F t . M y e r s , 6 3 0 0 Te c h s t e r B o u l e v a r d , S u i t e 1 , F o r t M y e r s , F L 3 3 9 6 6

YOUR LOCAL MARKE T EXPERT

The information contained herein was obtained from sources believed reliable, however, Lee & Associates makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease or withdrawal without notice.

2018 DEMOGRAPHICS 5 Minutes 10 Minutes 15 Minutes

TOTAL POPULATION 21,473 73,342 216,524

NO. OF HOUSEHOLDS (HH) 8,583 31,716 94,087

MEDIAN AGE 39.4 40.3 46.2

AVERAGE HH INCOME $60,782 $60,643 $65,162

Additional Reports Available:♦ Community Profile♦ Housing Profile

♦ Business Summary♦ Market Profile

All graphs are based on a ten minute drive time radius