4434-4458 Cleveland Ave, Fort Myers, 33901

  • $5,900,000

Listing UP for Sale

Fort Myers

4434-4458 Cleveland Ave, Fort Myers, 33901

Fort Myers

  • $5,900,000

Overview

Property ID: A11673388
  • Property Type
  • Retail
  • 91520
  • Lot sqft
  • 1973
  • Year Built

Description

We’re proud to present an exceptional opportunity to acquire a newly renovated neighborhood shopping center located in a prime commercial area of Fort Myers. This property features 3 standalone multi-tenant buildings, totaling 22,038 RSF, situated on an expansive 2.1acre lot across from the popular Edison Mall. This investment opportunity features 87% occupancy with 11 tenants and 2 vacancies, all on NNN lease agreements. The current NOI is $411K, and recent capital improvements totaling $1.1M include a new roof, structural repairs, parking lot resurfacing, landscaping enhancements, upgraded lighting, common area updates, new HVAC systems, and more. Below-market lease rates represent the potential for increased income.

  • Address 4434-4458 Cleveland Ave
  • City Fort Myers
  • State/county Florida
  • Zip/Postal Code 33901
  • Area Lee County

Details

Updated on November 23, 2024 at 7:17 am
  • Property ID: A11673388
  • Price: $5,900,000
  • Land Area: 91520 sqft
  • Year Built: 1973
  • Property Type: Retail
  • Property Status: Listing UP for Sale

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