Listing Summary
APEX Capital Realty is pleased to offer an outstanding opportunity to acquire a newly renovated neighborhood shopping center in a prime commercial corridor of Fort Myers.
Full Description
APEX Capital Realty is pleased to offer an outstanding investment opportunity to acquire a newly renovated neighborhood shopping center in a prime Fort Myers commercial corridor. The property consists of three standalone multi-tenant buildings totaling 22,038 RSF on a 2.1-acre lot, directly across from Edison Mall. Strategically located at a hard corner on Cleveland Ave (US-41), it enjoys excellent visibility in one of Fort Myers’ busiest sub-markets.
Currently 87% occupied, the center includes 11 tenants on NNN leases with 2 vacancies. The property generates a $434K NOI, with $1.1M in recent capital improvements including a new roof, structural repairs, resurfaced parking, updated landscaping, lighting, HVAC systems, and more. Below-market rents provide significant upside potential.
Quick Glance
- Listing ID:
CL-Florida-26021
- Status:
Active
- Year Build:
1974
- Building Size:
22,038 SqFt
- Lot Size:
91,520.00 Acre