Price Reduced 6.35%

$5,900,000

Est. Mortgage $30,614/mo *

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Price History

$6,300,000
10/8/2024

$5,900,000
11/18/2024

$6,300,000
11/19/2024

$5,900,000
11/20/2024

4434-4458 Cleveland Ave, Fort Myers, FL, 33901

4434-4458 Cleveland Ave, Fort Myers, FL, 33901
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1973

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 2.1-acre 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.

Status:

Active

Type:

Commercial

Days on Market:

43

MLS #:

A11673388

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of APEX Capital Realty LLC Phone: 305-570-2600