1940 JEFFERSON AVE, 1937-1945 & 1938-1946 SUWANEE AVE Fort Myers, FL 33901
15,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $106
Subdivision Palmlee Park
MLS Listing ID C7519155
Construction Status Completed
HOA Y/N No
Year Built 1967
Annual Tax Amount $23,000
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Mixed Use
Source Stellar MLS
New Construction false
Property Description
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
Community Palmlee Park
Area 33901 - Fort Myers
Zoning CI
Interior
Heating Central
Cooling Central Air
Exterior
Utilities Available Electricity Available, Other, Public, Water Connected
Roof Type Other
Building
Lot Description Other
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Completed
Others
Ownership Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7519155
