1940 Jefferson Ave, Fort Myers, Florida 33901

  • $1,475,000
  • $1,600,000

Overview

Property ID: HZC7519155
  • Mixed Use, Commercial Sale
  • Property Type
  • 15000 Sqft
  • Area Size

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 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.

  • Address: 1940 JEFFERSON AVE, 1937-1945 & 1938-1946 SUWANEE AVENUE
  • City: Fort Myers
  • State/county: FL
  • Zip/Postal Code: 33901
  • Country: US

Details

Updated on May 26, 2026 at 8:33 pm
  • Property ID HZC7519155
  • Price $1,475,000
  • Property Size 15000 Sqft
  • Land Area 0.3 Acres
  • Year Built 1967
  • Property Type Mixed Use, Commercial Sale
  • Property Status Closed

Additional details

  • Listing Terms Cash, Conventional
  • Roof Other
  • Utilities Electricity Available, Other, Public, Water Connected
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Central
  • County Lee
  • Property Type Commercial Sale

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Jamie Stevens

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