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 PROPERTY 4434-4458 Cleveland Ave, FORT MYERS, FL 33901, MLS#226012610 - Commercial Sale
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Hardeep Kumar Yh

HR Moon Homes
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4434-4458 Cleveland Ave
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PRICED AT ONLY: $5,500,000

Address: 4434-4458 Cleveland Ave, FORT MYERS, FL 33901

Description

100% Leased NNN Retail Center Fort Myers, FL $5,500,000 | ~9.7% Cap Rate | Stabilized NOI. Renovated, turn key multi tenant shopping center offering immediate cash flow and built in upside. 22,170 SF on 2.1 acres (CI zoning) at signalized corner of Cleveland Ave & Colonial Blvd directly across from Edison Mall. 100% occupied by 13 NNN tenants (diversified: restaurants, salons, retail, services) zero vacancy exposure. Long term leases with annual escalations + below market rents = strong NOI growth potential. Surrounded by nationals (Wawa, Starbucks, Hooters, Best Buy) in high traffic SWFL corridor. Triple net structure = tenants handle taxes/insurance/maintenance true passive income play. Perfect for 1031 buyers or capital seeking high yield Florida retail.Cleveland Avenue Redevelopment Area :The property is located in the heart of the City of Fort Myers Cleveland Avenue Redevelopment Area, an active Community Redevelopment Agency (CRA) district spanning 614 acres along the US 41 corridor. Under the adopted 2025 Redevelopment Plan, the CRA is investing millions in streetscape improvements, placemaking, and infrastructure upgrades while offering property owners powerful incentives including up to 75% matching grants for faades, parking lots, lighting, landscaping, and signage, plus TIF funding, stormwater credits, and tax benefits. This ongoing public private investment directly enhances visibility, tenant demand, and long term property values along this high traffic gateway providing built in upside and future capital expenditure support for stabilized assets like Regency Square Retail Center.

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  • MLS#: 226012610 ( Commercial Sale )
  • Street Address: 4434-4458 Cleveland Ave
  • Viewed: 5
  • Price: $5,500,000
  • Price sqft: $0
  • Waterfront: No
  • Waterfront Type: None
  • Year Built: 1974
  • Bldg sqft: 0
  • Acreage: 2.10 acres

Description

100% Leased NNN Retail Center Fort Myers, FL $5,500,000 | ~9.7% Cap Rate | Stabilized NOI. Renovated, turn key multi tenant shopping center offering immediate cash flow and built in upside. 22,170 SF on 2.1 acres (CI zoning) at signalized corner of Cleveland Ave & Colonial Blvd directly across from Edison Mall. 100% occupied by 13 NNN tenants (diversified: restaurants, salons, retail, services) zero vacancy exposure. Long term leases with annual escalations + below market rents = strong NOI growth potential. Surrounded by nationals (Wawa, Starbucks, Hooters, Best Buy) in high traffic SWFL corridor. Triple net structure = tenants handle taxes/insurance/maintenance true passive income play. Perfect for 1031 buyers or capital seeking high yield Florida retail.Cleveland Avenue Redevelopment Area :The property is located in the heart of the City of Fort Myers Cleveland Avenue Redevelopment Area, an active Community Redevelopment Agency (CRA) district spanning 614 acres along the US 41 corridor. Under the adopted 2025 Redevelopment Plan, the CRA is investing millions in streetscape improvements, placemaking, and infrastructure upgrades while offering property owners powerful incentives including up to 75% matching grants for faades, parking lots, lighting, landscaping, and signage, plus TIF funding, stormwater credits, and tax benefits. This ongoing public private investment directly enhances visibility, tenant demand, and long term property values along this high traffic gateway providing built in upside and future capital expenditure support for stabilized assets like Regency Square Retail Center.
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Features
Finance and Tax Information
  • Tax Year: 2025
Other Features
  • Parcel Number: 35-44-24-P3-00073.0000
  • Zoning Code: CI
Nearby Subdivisions
Palmlee Park  

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