Meticulously maintained and renovated historic mixed-used value-add trophy asset in Downtown Fort Myers, Florida. Asset is turnkey, with upside opportunity to increase Effective Gross Income by more than 31% via commercial space enhancements, residential unit upgrades and increased utility reimbursement. Situated in core of Downtown Fort Myers River District – with $400-million+ immediate-area new developments – the asset features incredible walkability to numerous nearby dining, entertainment and shopping venues. The iconic masonry buildings were constructed in 1889 and 1924 and have withstood the test of time and mother nature for more than a century; comprehensive renovation in 2020-2024. Select units feature solid surface countertops, solid wood raised panel cabinets, and luxurious upgraded bathrooms with whirlpool tubs. All new roofs and select new windows in 2020; fresh exterior paint in 2024. Active hotel license will convey with asset, providing flexibility for short term rentals or future hospitality use. Two blocks to Riverwalk and Fort Myers Yacht Basin situated on scenic Caloosahatchee River; Five miles to Interstate 75, and 15 miles to Fort
Myers Beach and the gorgeous Gulf of America