NAI Burns Scalo Facilitates Sale of Former Orthopedic Specialists Building as Fort Myers Midtown Revitalization Accelerates
NAI Burns Scalo is pleased to announce the sale of 2531 S. Cleveland Avenue, a 37,960-square-foot medical office property located in the heart of Fort Myers, Florida. The two-story building, situated on 2.79 acres along Cleveland Avenue (U.S. 41), was acquired by EE Properties Global in a $2.25 million all-cash transaction. The property offers approximately 450 feet of frontage near Lee Memorial Hospital and one of the region’s busiest commercial corridors.
The acquisition marks a significant step toward the revitalization of a prominent property that has remained vacant since 2023. EE Properties Global plans to reposition the asset and is evaluating multiple potential uses, including medical office, educational, and traditional office opportunities. The property’s size, infrastructure, and strategic location provide flexibility to accommodate either a single build-to-suit user or a multi-tenant occupancy strategy.
“Banks need to know a buyer is real, can move quickly, close in cash and follow through,” said Michael F. Curran, Vice President at NAI Burns Scalo, who represented the buyer in the transaction. “Having worked with this ownership group previously, I knew they had the experience and confidence to successfully reposition the property and return it to productive use. ”
Located within Fort Myers’ rapidly evolving Midtown corridor, the property is positioned to benefit from substantial public and private investment occurring near downtown Fort Myers. With several transformative redevelopment projects planned or underway in the surrounding area, the acquisition places one of Cleveland Avenue’s most visible vacant properties at the center of the next phase of growth and reinvestment in the market. NAI Burns Scalo will continue its involvement with the property by overseeing the marketing and leasing of the entire building, supporting its next phase of occupancy and long-term value creation.
About NAI Burns Scalo
NAI Burns Scalo, an investment and advisory organization headquartered in Pittsburgh, Pennsylvania, is an integral part of NAI Global, which spans over 325 offices across 55 countries. Currently with offices in Florida, Pennsylvania, and West Virginia, our strategic positioning ensures exceptional outcomes for clients with access to over 6,000 professionals worldwide. With nearly 100 dedicated specialists, we seamlessly integrate into this expansive network, excelling both locally and globally.
Since 1956, we’ve been at the forefront of providing commercial real estate services such as brokerage, property management, development, and construction. We’ve learned the ropes, navigated the tides, and honed expertise that only comes from over six decades of experience. This is about more than just finding a commercial space for your business. It’s about delivering life-changing real estate experiences to propel you forward. To learn more, visit squalid-sailboat.mysites.io/