20
See all 20 photos
$1,475,000
Est. payment /mo
0.3 Acres Lot
Active
1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee AVE Fort Myers, FL 33901
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2025025137
Construction Status Resale
HOA Y/N No
Year Built 1967
Annual Tax Amount $23,000
Tax Year 2024
Lot Size 0.302 Acres
Acres 0.302
Property Sub-Type Retail
Property Description
This income-producing commercial portfolio presents a compelling opportunity for investors seeking stable cash flow and long-term upside in a central Fort Myers location. The offering consists of three separate commercial buildings totaling eight individual units, all fully leased and collectively encompassing approximately 15,000 square feet. The properties are currently 100% occupied with tenants operating on month-to-month agreements, providing immediate income while preserving flexibility for future repositioning or lease restructuring. The sale also includes 1925 Suwanee Ave, Fort Myers, FL, 33901.
The tenant mix includes a salon, multiple churches, a thrift store, and a thrift furniture retailer, creating a diversified income base with established local users. The portfolio generates a gross monthly rent of approximately $10,500, offering strong in-place cash flow from day one. Annual property taxes are approximately $23,000, allowing for clear expense forecasting.
All buildings feature original tar-and-gravel flat roofs, with replacement costs estimated in the $100,000–$150,000 range, presenting a transparent capital planning item and an opportunity for value enhancement through future improvements. The properties' configuration and occupancy profile make them well-suited for investors focused on steady returns, redevelopment potential, or gradual value-add strategies.
Located in a well-established commercial corridor, the portfolio benefits from strong local demand, visibility, and accessibility to surrounding neighborhoods and business districts. Whether held as a stabilized income asset or improved over time to increase rents and overall value, this multi-building commercial offering delivers scale, diversification, and income in one of Fort Myers' core areas.
The tenant mix includes a salon, multiple churches, a thrift store, and a thrift furniture retailer, creating a diversified income base with established local users. The portfolio generates a gross monthly rent of approximately $10,500, offering strong in-place cash flow from day one. Annual property taxes are approximately $23,000, allowing for clear expense forecasting.
All buildings feature original tar-and-gravel flat roofs, with replacement costs estimated in the $100,000–$150,000 range, presenting a transparent capital planning item and an opportunity for value enhancement through future improvements. The properties' configuration and occupancy profile make them well-suited for investors focused on steady returns, redevelopment potential, or gradual value-add strategies.
Located in a well-established commercial corridor, the portfolio benefits from strong local demand, visibility, and accessibility to surrounding neighborhoods and business districts. Whether held as a stabilized income asset or improved over time to increase rents and overall value, this multi-building commercial offering delivers scale, diversification, and income in one of Fort Myers' core areas.
Location
State FL
County Lee
Area Fm02 - Fort Myers Area
Rooms
Bedroom Description NaN
Interior
Furnishings Furnished
Fireplace No
Exterior
Utilities Available Electricity Available, Other, Sewer Available, Trash Collection, Water Available
Waterfront Description None
Present Use Mixed Use
Garage No
Building
Story 1
Construction Status Resale
Others
Senior Community No
Tax ID 35-44-24-P2-00833.0050
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025025137
Listed by Keller Williams Realty Fort Myers and the Islands • Erin Harrel
NEARBY SCHOOL & BUSINESS
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