2254 First St

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2254 First St

Fort Myers, FL 33901
Asking Price
$1.75M
Asset Type
Office
Class
Class B

What's Special

2254 First Street is located in the historic River District of downtown Fort Myers, Florida. The neighborhood is characterized by a blend of restored heritage buildings and modern commercial developments. The property is within walking distance of the Lee County Clerk of Courts, the United States District Court, and the Fort Myers City Hall. Nearby amenities include a variety of local restaurants, retail shops, and banking institutions. The site offers convenient access to major thoroughfares, including U.S. Route 41 and State Road 80, providing connectivity to the broader Southwest Florida region. The building’s central position within the government and financial hub makes it an ideal location for professional service firms. Typical tenant profiles for this asset include legal practices, accounting firms, architectural studios, and administrative corporate offices. The layout and district zoning support businesses that require proximity to municipal offices and courthouse facilities. This location is suited for established firms seeking high visibility and a walkable urban environment for both employees and clients within the city's primary business core.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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