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1940 Jefferson Ave, 1937-1945 & 193 Avenue1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 0 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 1 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 2 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 3 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 4 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 5 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 6 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 7 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 8 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 9 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 10 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 11 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 12 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 13 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 14 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 15 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 16 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 17 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue Listing photo id 18 for 1940 Jefferson Ave, 1937-1945 & 193 Avenue
  • MLS#: C7519155 ( Commercial Sale )
  • Street Address: 1940 Jefferson Ave, 1937-1945 & 193 Avenue
  • Viewed: 4
  • Price: $1,475,000
  • Price sqft: $98
  • Waterfront: No
  • Year Built: 1967
  • Bldg sqft: 15000
  • Days On Market: 65
  • 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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Legal Description
  1. PALMLEE PARK BLK 33 PB 6 PG 1 LOTS 5 + 6
  2. PALMLEE PARK BLK 33 PB 6 PG 1 LOTS 11 + 12
  3. PALMLEE PARK BLK 34 PB 6 PG 1 LOTS 5 + 6
Levels
  1. One
Living Area
  1. 15000.00
Lot Features
  1. Other
Area Major
  1. 33901 - Fort Myers
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Other Structures
  1. Other
Parcel Number
  1. 35-44-24-P2-00833.0050
Possession
  1. Close Of Escrow
Property Condition
  1. Completed
Property Type
  1. Commercial Sale
Road Frontage Type
  1. County Road
Roof
  1. Other
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 44
Utilities
  1. Electricity Available
  2. Other
  3. Public
  4. Water Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/C7519155
Water Source
  1. Public
Year Built
  1. 1967
Zoning Code
  1. CI