4434-4458 Cleveland Ave, Fort Myers FL 33901

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.

This retail home located at 4434-4458 Cleveland Ave, Fort Myers FL 33901 is currently for sale and has been available on Brickellsold for 72 days. This property is listed at $6M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1973. 4434-4458 Cleveland Ave, Fort Myers FL 33901 is in Fort Myers neighborhood Lee County.