This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$1,300,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property 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 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.
Full Property Details
Full Property Details for 1940 Jefferson Ave 1937-1945 & 1938-1946 Suwanee Ave
General
- Sold For: $1,300,000
- Taxes: $23,000 (2024)
- Status: Closed
- Type: Retail
- Source: Bonita_Springs
- MLS ID: 2025025137
- Added to Site: 178 day(s) ago
Business
- Business Type: Commercial Only
Parking
- Total Spaces: 8
Location
- Area: FM02 - Fort Myers Area
- County: Lee
- Driving Directions: Please utilize GPS for the most accurate routing information and traffic predictions.
Heating & Cooling
- Air Conditioning: Yes
Utilities
- Utility Description: Electricity Available, Other, Sewer Available, Trash Removal, Water Available
Structural Information
- Description/Design: Retail-Commercial: Other, Special Purpose: Misc. Other
- Stories/Levels: 1
- Stories in Building: 1
- Year Built: 1967
Lot Features
- Lot Size (Acres): 0.302
- Lot Size (Sq. Ft.): 13,155
- Lot Size Source: Property Appraiser Office
- Frontage Feet: 119
- Zoning: CI
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $86
- Assoc Fee Freq.: Annually
- Tax Amount: $23,000
- Tax Year: 2024
Disclosures and Reports
- 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
- Inclusions: Building only
- Property ID: 35-44-24-P2-00833.0050
Listed and Sold by Keller Williams Realty Fort Myers and the Islands
Get Pre-Approved Today
Schools
Schools serving 1940 Jefferson Ave 1937-1945 & 1938-1946 Suwanee Ave
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Orangewood Elementary School 4001 Deleon Street, Fort Myers, FL 33901 | K-5 | 0.3 mi |
Allen Park Elementary School 3345 Canelo Drive, Fort Myers, FL 33901 | K-5 | 0.8 mi |
Edison Park Creative And Expressive Arts School 2401 Euclid Avenue, Fort Myers, FL 33901 | K-5 | 1.9 mi |
Fort Myers Middle Academy 3050 Central Avenue, Fort Myers, FL 33901 | 6-8 | 1.1 mi |
Paul Laurence Dunbar Middle School 4750 Winkler Avenue, Fort Myers, FL 33966 | 6-8 | 3.5 mi |
Fort Myers High School 2635 Cortez Boulevard, Fort Myers, FL 33901 | 9-12 | 1.5 mi |
Dunbar High School 3800 Edison Avenue, Fort Myers, FL 33916 | 9-12 | 2.9 mi |
Cypress Lake High School 6750 Panther Lane, Fort Myers, FL 33919 | 9-12 | 4.8 mi |
Franklin Park Elementary School 2323 Ford Street, Fort Myers, FL 33916 | K-5 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1940 Jefferson Ave 1937-1945 & 1938-1946 Suwanee Ave
Date
Details
Price
Change
Source
5/26/2026
Sold
$1,300,000
-11.86%
MLS
3/10/2026
Price Reduced
$1,475,000
-7.81%
MLS
1/05/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee Ave, Fort Myers, FL 33901 (MLS# 2025025137) is a Retail property that was sold at $1,300,000 on May 26, 2026. Want to learn more about 1940 Jefferson Ave, 1937-1945 & 1938-1946 Suwanee Ave? Do you have questions about finding other Retail real estate for sale in Fort Myers? You can browse all Fort Myers real estate or contact a Coldwell Banker agent to request more information.

