813-334-1184
2310 First St, Fort Myers, FL for Sale
Apartments - FOR SALE
1/11
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2310 First St
Fort Myers, FL 33901
Downtown Fort Myers


HIGHLIGHTS

  • Only investment-grade, upscale asset of scale in pedestrian First Street core
  • 22 apartment units totaling 20,080 square feet and 5 office suites totaling 13,451 square feet
  • Fort Myers is U.S. News and World Report’s #1 Fastest-Growing Place in America (2024-2025 ranking)
  • Recent Class A upgrade to building lobby and common areas, featuring keypad-controlled access, crown molding and upgraded light fixtures
  • 13 apartment units feature water views of Caloosahatchee River
  • Apartment units feature washer/dryer appliances and full appliance packages, with microwaves and garbage disposals in kitchens

OVERVIEW

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

FOR SALE DETAILS

PRICE

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# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franklin Arms

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1889

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

U-CTR

APN/PARCEL ID

13-44-24-P4-00408.001A

ASK ABOUT THIS PROPERTY

Ned RobertsRPH MultifamilyMore Info
813-334-1184

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Ned RobertsRPH MultifamilyMore Info
813-334-1184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.