Fully renovated neighborhood shopping center located on a prime corner in Fort Myers across from Edison Mall. The property includes 3 standalone multi-tenant buildings totaling 22,038 RSF on a 2.1-acre lot. Currently 100% occupied by 13 tenants on NNN leases

4434 CLEVELAND AVE, Fort Myers

$5,700,000 USD
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Address4434 CLEVELAND AVE, Fort Myers
Type of PropertyRetail
Type of BusinessShopping Center
Price$5,700,000
Previous Price$5,900,000 (15 days ago)
Property StatusActive
MLS NumberA11673388
Property Size91520
Lot Size91520
Year Built1973
Folio Number10184749
Days on Market340

Detailed Description: Fully renovated neighborhood shopping center located on a prime corner in Fort Myers across from Edison Mall. The property includes 3 standalone multi-tenant buildings totaling 22,038 RSF on a 2.1-acre lot. Currently 100% occupied by 13 tenants on NNN leases, generating an NOI of approximately $477,038. Recent capital improvements of $1.1M include new roof, HVAC systems, parking lot, landscaping, lighting, and more. Below-market lease rates offer strong upside potential in one of Fort Myers’most active commercial corridors.

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Address Information
StateFlorida
CityFort Myers
CountyLee County
Zip Code33901
Address4434 CLEVELAND AVE
Financial Information
Price$5,700,000
Price per Foot$0
Previous Price$5,900,000
Folio Number10184749
Full Descriptions
Detailed DescriptionFully renovated neighborhood shopping center located on a prime corner in Fort Myers across from Edison Mall. The property includes 3 standalone multi-tenant buildings totaling 22,038 RSF on a 2.1-acre lot. Currently 100% occupied by 13 tenants on NNN leases, generating an NOI of approximately $477,038. Recent capital improvements of $1.1M include new roof, HVAC systems, parking lot, landscaping, lighting, and more. Below-market lease rates offer strong upside potential in one of Fort Myers’most active commercial corridors.
Property parameters
Living Area91520
Lot Size91520
Total Acreage0.000
Maximum Leasable Size91520
Year Built1973
Type of PropertyRetail
Type of BusinessShopping Center
Listed withAPEX Capital Realty LLC