Mixed use property in 1940 Jefferson Ave, 1937-1945 &Amp; 1938-1946 Suwanee Ave Fort Myers for sale with MLS# C7519155

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.

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

Price
Price:
$1,475,000.00
Previous Asking Price:
$1,600,000.00
Original List Price:
$1,600,000.00
List Price per Sq Ft (Calculated, Approx.):
$98.33
Property Status and Type
Listing Type:
For Sale
Status:
Active
Contract Status:
Inspections
Previous Status:
Pending (An offer has been accepted)
Listing Category:
Commercial Sale
Property Type:
Mixed Use
MLS Number:
C7519155
Measures
Living Area:
15,000 Sqft
Built-Up Area:
15,000 Sqft
Lot Area:
13,155 Sqft
Building Area Source:
Appraiser
Living Area Source:
Appraiser
Lot Features:
Other
Lot Size Acres:
0.3
Property Features
Waterfront:
No
Other Structures:
Other
Air Conditioning System:
Central Air
Heating System:
Central
Construction
Year Built:
1967
Roof:
Other
Number of Units Total:
8
Levels:
One
Construction Materials:
Stucco
Number of stories:
1
Road Frontage Type:
County Road
Foundation Details:
Slab
Flood Zone Code:
X
Property Condition:
Completed
Taxes and Expenses
Tax Annual Amount:
$23,000.00
Tax Year:
2024
Utilities
Sewer:
Public Sewer
Utilities Available:
Electricity Available, Other, Water Connected, Public
Water Source:
Public
Community
Subdivision Name:
PALMLEE PARK
Senior Community:
No
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant
Buyer Possession:
Close Of Escrow
Zoning and Legal
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
Real Estate Folio Number (Parcel Number):
35-44-24-P2-00833.0050
Zoning:
CI
Title to the property is held by owner as:
Other
Listing History
Originally published on:
January 5, 2026 3:32 pm
Active on the market since:
January 5, 2026
Listing Agreement executed on:
January 5, 2026
Purchase Contract Date:
March 17, 2026
Price change occurred on:
March 10, 2026 5:50 pm
Listing Status Last Changed On:
April 9, 2026 8:13 pm
Photos updated on:
January 5, 2026 3:34 pm
Last Modified:
April 9, 2026 8:34 pm
Additional Information
Courtesy of:
KELLER WILLIAMS REALTY FT MYER
Attribution:
239-236-4350
Road Surface Type:
Paved
Location
Street Name:
JEFFERSON AVE, 1937-1945 & 1938-1946 SUWANEE
Street Number:
1940
City:
FORT MYERS
State:
Florida
Zip Code:
33901
County:
Lee
Latitude:
N26° 36' 24.3''
Longitude:
W82° 7' 38.7''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $51,579
Median Home Value $280,400
Median Rent $1,291/mo
Median Age 40
Population 24,401

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