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.
1940 Jefferson Ave, 1937-1945 &Amp; 1938-1946 Suwanee Ave, Fort Myers, FL 33901
- 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
- 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
- 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
- Waterfront:
- No
- Other Structures:
- Other
- Air Conditioning System:
- Central Air
- Heating System:
- Central
- 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
- Tax Annual Amount:
- $23,000.00
- Tax Year:
- 2024
- Sewer:
- Public Sewer
- Utilities Available:
- Electricity Available, Other, Water Connected, Public
- Water Source:
- Public
- Subdivision Name:
- PALMLEE PARK
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Tenant
- Buyer Possession:
- Close Of Escrow
- 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
- 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
- Courtesy of:
- KELLER WILLIAMS REALTY FT MYER
- Attribution:
- 239-236-4350
- Road Surface Type:
- Paved
- 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''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates

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