2741 & 2747 First St

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2741 & 2747 First St

Fort Myers, FL 33916
Asking Price
$4.85M
Asset Type
Retail
Class
Class B

What's Special

Located at 2741 and 2747 First Street, these retail assets are situated within the historic river district of downtown Fort Myers. The neighborhood is characterized by brick-paved streets and a high concentration of established local boutiques, professional offices, and dining establishments. The property is within walking distance of the Caloosahatchee River waterfront and several high-density residential developments. Accessibility is supported by proximity to the Edison Bridge and US-41, providing direct connections to North Fort Myers and the broader metropolitan area. The property is suited for a variety of commercial uses, including high-end retail showrooms, artisanal galleries, or service-oriented businesses. Ideal tenants include established regional retailers or boutique operators seeking visibility within a high-traffic pedestrian corridor. The surrounding demographic supports businesses that cater to both the local workforce and the seasonal tourism market. Given the street-level frontage and historic context, the site is positioned for tenants requiring a signature physical presence in a prominent urban retail environment.

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NOI
$80,000
Cap Rate
1.65%
DSCR
0.28
Underwater
Cash-on-Cash
-14.29%
Monthly Payment
$23,995.154
Annual Cash Flow
$-207,941.845

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