4434-4458 Cleveland AVE, Fort Myers, FL 33901
4434-4458 Cleveland AVE, Fort Myers, FL 33901
4434-4458 Cleveland AVE, Fort Myers, FL 33901
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$5,500,000
Est. payment /mo
2.1 Acres Lot
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226012610

HOA Y/N No

Year Built 1974

Annual Tax Amount $81,097

Tax Year 2025

Lot Size 2.101 Acres

Acres 2.101

Property Sub-Type Retail

Property 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 façades, 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.

Location

State FL

County Lee

Area Fm02 - Fort Myers Area

Rooms

Bedroom Description NaN

Interior

Furnishings Furnished

Fireplace No

Exterior

Waterfront Description None

Present Use Commercial,Retail

Garage No

Building

Story 1

Others

Senior Community No

Tax ID 35-44-24-P3-00073.0000

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Listed by Realty One Group MVP • Joanne Fultz

Nearby Locations

Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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4434-4458 Cleveland AVE