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$1,475,000

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

  • 1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee, Fort Myers, FL 33901 Main Photo

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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.

Property Highlights

Property Type: Commercial -
Cooling: Central Air
Heating: Central
Lot Size: 0.30 Acres
Roof Type: Other
Stories: 1.0
Taxes: $23,000
Year Built: 1967

General Information

County: Lee
Subdivision: PALMLEE PARK
Listed By:
Jessica Nolan KELLER WILLIAMS REALTY FT MYER 239-236-4350

Property Features

Days on Site: 65
Directions: The properties are located on Suwanee Ave and Jefferson Ave, at the intersection with Cleveland Ave.
Exterior: Stucco
Flood Zone Code: X
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Other
Lot Dimensions: 0.3
Other Structures: Other
Ownership: Other
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Road Frontage: 119
Sale Includes: Building(s) and Land
Sewer: Public Sewer
Showing Instructions: Listing Agent Must Accompany, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 8
Utilities: Electricity Available, Other, Public, Water Connected
Water: Public
Water Access Y/N: No
Zoning: CI
$1,475,000
Active Price Reduced $125,000 on March 10th, 2026
BEDS0 BATHS SQUARE FEET15,000 MLS#C7519155
STATUSActive PROPERTY TYPECommercial - SUBDIVISIONPALMLEE PARK

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

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