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Gelfand Realty Miami Properties for Sale - Retail for Sale

4434 CLEVELAND AVE, FORT MYERS, FL 33901

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Retail - for Sale

4434 CLEVELAND AVE, FORT MYERS, FL 33901

Asking Price$5,700,000 Change Price$200,000

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  • Lot size 91520sqft
  • Year Built 1973

  • Days on market:

    325 day(s)

  • Original Price:

    $6,300,000

  • Property Type:

    Retail

  • Special Listing Conditions:

    Sale

Description

$5,700,000

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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