$5,500,000
4434-4458 Cleveland Avenue Fort Myers, FL 33901
For Sale MLS# 226012610
Commercial
Details for 4434-4458 Cleveland Avenue
MLS# 226012610
Description for 4434-4458 Cleveland Avenue, Fort Myers, FL, 33901
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.
Listing Information
Property Type: Commercial, Retail, Retail,Commercial
Status: Active
Lot Size: 2.10 Acres
Year Built: 1974
Stories: 1 Story
Current Use: Commercial,Retail
County: Lee
Exterior / Lot Features
Zoning: CI
Driving Directions
Off Cleveland Ave opposite Edison Mall.
Financial Considerations
Tax/Property ID: 35-44-24-P3-00073.0000
Tax Amount: 81097.14
Tax Year: 2025
A broker reciprocity listing courtesy: Realty One Group MVP
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 4434-4458 Cleveland Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 4434-4458 Cleveland Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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