Home » Fort Myers » 4434-4458 Cleveland Ave, Fort Myers, FL 33901 | A11673388

Retail For Sale 4434-4458 Cleveland Ave, Fort Myers, FL 33901

$5,900,000
Price has decreased by $400,000

Property Highlights

Listing ID A11673388 Status of this Listing: Active For Sale Property Type Commercial Sale Retail Building Area 22,038 Sqft/2047.40 m2 approx. Lot area 91,520 Sqft/8502.49 m2 approx. Year Built 1973 Time of this property on Rebonus 60 Day(s)

4434-4458 Cleveland Ave, Fort Myers, FL 33901

Property 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.

Commercial Sale Retail For Sale located at 4434-4458 Cleveland Ave Fort Myers FL 33901 in Lee referenced as ID MLS # A11673388. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Previous Asking Price:$6,300,000
Original List Price:$6,300,000

Lease Details

Lease Terms Description:Triple Net Lease

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Number of Buildings:3
Structure Type:
  • Retail

Property Features

Waterfront:No

Terms

Documents Available:
  • Aerial
  • Ground Photo
Occupant Type:
  • Call Agent
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

More Details

Other Information:
Property DescriptionNNN RETAIL SHOPPING CENTER
Ref1089810494

Zoning and Legal

Real Estate Folio Number (Parcel Number):10184749

Listing History

Update/EventDate/Days
Published Date:October 8, 2024 4:14 pm
On Market Date:October 8, 2024
Price Change Date Time:November 18, 2024 5:07 pm
Last Important Update Description:Price Change
Date and Time of Last Important Update:November 18, 2024 5:07 pm
Status Last Changed:October 8, 2024 4:14 pm
Photos Last Modified:October 8, 2024 8:28 pm
Last Modified:November 22, 2024 2:37 pm
Days on the Market Reference Date:November 22, 2024
Days on the Market (updated on Last Modified*):45
Cumulative Days on the Market (updated on Last Modified**):45

Additional Information

Number of Photos:11
Location:,,
Included:,,
Area:5940 Florida Other
Courtesy of:APEX Capital Realty LLC
Universal Property Id:US-12071-N-10184749-R-N

Location

Show Property Address:Yes
Street Name:Cleveland Ave
Street Number:4434-4458
Street Address:4434-4458 Cleveland Ave
City : Fort Myers
State : Florida
Zip Code : 33901
County : Lee
Full Address:4434-4458 Cleveland Ave, Fort Myers, FL 33901
Latitude:N26° 35' 52.9''
Longitude:W82° 7' 38.6''

Neighborhood

Postal City:Fort Myers

Property Map