Love Life
1940 Jefferson Ave, 1937-1945 & 193 Avenue, FORT MYERS, FL 33901
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  • MLS#: C7519155 ( Commercial Sale )
  • Street Address: 1940 Jefferson Ave, 1937-1945 & 193 Avenue
  • Viewed: 5
  • Price: $1,600,000
  • Price sqft: $107
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 15000
  • Days On Market: 8
  • Additional Information
  • Geolocation: 26.6067 / -81.8726
  • County: LEE
  • City: FORT MYERS
  • Zipcode: 33901
  • Subdivision: Palmlee Park
  • Provided by: KELLER WILLIAMS REALTY FT MYER
  • Contact: Jessica Nolan
  • 239-236-4350
  • mfrmls
  • DMCA Notice
  • 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 15000.00
  • Other Structures: Other
  • Roof: Other
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Other
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Road Frontage Type: County Road
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Other, Public, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • 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
  • Levels: One
  • Area Major: 33901 - Fort Myers
  • Occupant Type: Tenant
  • Parcel Number: 35-44-24-P2-00833.0050
  • Possession: Close Of Escrow
  • Zoning Code: CI
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Headshot for Associate Dennis Dial
  1. The Dial Team
  2. Tropic Shores Realty
  3. Love Life
  4. Mobile: 561.201.4476
  5. dennisdialsells@gmail.com