1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee Avenue
Fort Myers, FL, 33901 $ 1,600,000
Bedrooms-- Baths-- Monthly Estimate*
$ 9,851
for $1,600,000. This building was built in 1967 on a lot size of 0.302.
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 sale also includes 1925 Suwanee Ave, Fort Myers, FL, 33901. 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.
See more
FeaturesGeneralUtilities Electricity Available Other Sewer Available Trash Collection Water Available
HOA Fee 0
Year Built 1967
Property Subtype Retail
Tax Year 2024
Current Use Mixed Use
Business Type Other
Waterfront Features None
HOA Fee 2 0
County Lee
Property Type Commercial Sale
Status Active
Directions Please utilize GPS for the most accurate routing information and traffic predictions.
City Fort Myers
Land Lease Amount 0
Zoning Description CI
MLS Area FM02 - Fort Myers Area
Lot Size Units Acres
Tax Annual Amount 23000
Property Condition Resale
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/fgcmls/2025025137
Standard Status Active
Property Sub Type Additional Retail Commercial Special Purpose
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
HOA Fee 3 0
See more
InteriorTotal Stories 1
Air Conditioning Y/N true
Heating Y/N true
See more
ExteriorLot Size Area 0.302
Lot Size Acres 0.302
Lot Size Source Appraiser
Waterfront Y/N false
Covered Spaces 0
See more
* Excluded FeaturesList ByKeller Williams Realty Fort Myers And The IslandsBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,851
- Monthly Property Taxes
- $1,917
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Fort Myers, FL
Average List Price $1,435,767
Percent of Sale Price 10%
About Fort Myers, FL 85,015 Population
56% Since 2002
$ 43,987 Median Income
38.61 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $1,600,000 | | Listed Price |