1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee AVE, Fort Myers, FL 33901
1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee AVE, Fort Myers, FL 33901
1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee AVE, Fort Myers, FL 33901
20
$1,300,000
$1,475,000
11.9%
Est.Price: ?

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0.3 Acres Lot

1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee AVE Fort Myers, FL 33901

Est. payment /mo
SOLD DATE : 05/26/2026

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Key Details

Sold Price $1,300,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2025025137

Sold Date 05/26/26

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.

Location

State FL

County Lee

Area Fm02 - Fort Myers Area

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

Financing Cash

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Listed by Keller Williams Realty Fort Myers and the Islands • Erin Harrel
Bought with Keller Williams Realty Fort Myers and the Islands

NEARBY SCHOOLS & BUSINESSES

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Bent Danholm

Bent Danholm

Broker | License ID: BK3590420

+1(407) 288-0704

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