2568 1St StFort Myers, FL 33901

This fully renovated, 26-unit hotel/motel in downtown Fort Myers, Florida presents a compelling value-add investment opportunity. The property, built in 1955 and completely renovated in 2023, boasts 7,696 square feet on a 0.55-acre lot. It features 26 keys, with seven units including kitchenettes, ideal for extended stays. The property includes a newly renovated 720 sq ft pool and benefits from a new metal roof installed in 2023. Its prime location within the Downtown Community Redevelopment Area offers exceptional proximity to key attractions, including the Luminary Hotel (0.7 miles), Caloosa Sound Convention Center & Amphitheater (0.8 miles), City of Palms Park (1.2 miles), Lee Memorial Hospital (1.8 miles), Fort Myers Beach (15.6 miles), Southwest International Airport (RSW) (15.7 miles), and Florida Gulf Coast University (FGCU) (17.4 miles). The property's zoning is U-GEN. Historically operated as an extended-stay motel, this asset is poised for strong returns given its location and recent renovations. The asking price is $1,500,000. The property's address is 2568 First St, Fort Myers, FL 33901, APN 13-44-24-P3-00007.0000. This is a turn-key operation ready for immediate income generation.