Active

$1,600,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 15000 sq ft
Overview
  • ID: MFRC7519155
  • Bedrooms:
  • Bathrooms: 0
  • Size: 15000 sq ft
Property Details
Remarks
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 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.
Financial Considerations
Price:
$1,600,000
HOA Fee:
N/A
Tax Amount:
$23000
Price per SqFt:
$106.67
Tax Legal Description:
PALMLEE PARK BLK 33 PB 6 PG 1 LOTS 5 + 6, PALMLEE PARK BLK 33 PB 6 PG 1 LOTS 11 + 12, PALMLEE PARK BLK 34 PB 6 PG 1 LOTS 5 + 6
Exterior Features
Lot Size:
13155
Lot Features:
Other
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1967
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1940 JEFFERSON AVE, 1937-1945 & 1938-1946 SUWANEE AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 270,000
img
  • Featured
  • Active
Mixed Use

516 TAMIAMI TRL S #102

  • 0
  • 231 m²
avt
Daniel Dourado
$ 599,999
avt
Daniel Dourado
$ 510,000
avt
Daniel Dourado
$ 215,000
avt
Daniel Dourado
$ 458,000
avt
Daniel Dourado
$ 570,000
avt
Daniel Dourado
$ 3,200,000
avt
Daniel Dourado
$ 699,900
avt
Daniel Dourado
$ 650,000
avt
Daniel Dourado
$ 625,000
avt
Daniel Dourado
$ 1,750,000