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Upgraded Downtown Fort Myers Office Condo 2401 1st St 5,874 SF Office Condo Unit Online Auction Sale Fort Myers, FL 33901


Investment Highlights
- Modern office condo combining two suites for a total of 5,874 square feet of turnkey space, offering an immediate occupancy or lease upside.
- Over $215,000 in recent upgrades, including new HVAC systems, new paint, a new bathroom, kitchen, and water heater, and brand-new LED lighting.
- Performing local office submarket, boasting vacancies of only 5.6% as well as attractive five-year rent growth averaging 7.1% annually.
- Prime Downtown Fort Myers location with visibility to over 7,100 daily vehicles and convenient access options for staff and clients.
- Walkable waterfront area offers restaurants, art galleries, boutique retailers, and cultural attractions, creating a dynamic work environment.
- Fort Myers population has grown 8.5% since 2020, supporting a skilled workforce and robust economic expansion.
Executive Summary
Join the momentum of Downtown Fort Myers with this incredible opportunity to acquire a turnkey office condo at First Street Center, located at 2401 1st Street. Unit 300 comprises two suites for a total of 5,874 square feet on the property's third floor, offering a modern office environment that is perfect for dentists, physicians, lawyers, real estate, and all manner of professional office tenants. The space has been extensively upgraded with over $215,000 in recent improvements, including replaced HVAC systems, new bathroom consoles, carpeting, kitchen, and water heater, and all new LED lighting. Offering 24/7 secure entry, the suite delivers peace of mind and convenient access options for staff and clients. The facility features upgraded full-spectrum LED lighting throughout, designed to replicate natural sunlight for a healthier, more productive work environment while significantly reducing energy costs. With flexible Urban Center Zoning, the property is ideal for a wide range of potential uses. This designation is intended to foster live-work-play environments with a strong emphasis on walkable mixed-use development. The zoning allows for diverse applications such as live-work, office, childcare and personal care services, financial services, and more. Please visit the Data Room for more information on UTC Core zoning. Units at First Street Center are served by a dedicated condo association that provides comprehensive property management services, insurance, water and sewer, trash, janitorial, and more. The association holds significant cash reserves, enhancing stability for businesses. The new owner of Unit 300, by space, will hold the largest share of voting rights for the association. First Street Center enjoys an idyllic location at the heart of Downtown Fort Myers, situated just off the Edison Bridge. The area boasts walkable streets, lined with restaurants, art galleries, boutique retailers, and cultural attractions, delivering convenience and an energizing work environment for employees. The property is poised to greatly benefit from the upcoming Suntex Marina development project, located just one block away. This major project aims to materially improve the surrounding waterfront district, with millions of dollars in investment. This high-impact project will significantly improve the aesthetic and desirability of the neighborhood, opening the door for long-term appreciation of assets like First Street Center. Fort Myers is experiencing a period of rapid population and economic growth that creates a favorable climate for office investors. The local submarket displays vacancies of just 5.6%, with no new inventory currently under construction in the area. This high-demand environment drives consistent rent growth, with rates up an average of 7.1% annually during the past five years. When looking within 5 miles of First Street Center, Fort Myers has enjoyed steady population growth of 8.5% since 2020, with more than 157,000 current residents. These locals contribute to a highly skilled workforce of more than 98,000, with more than 89% of workers employed in service-producing industries and over 22% carrying a bachelor’s degree or higher. With consistent positive motion, Fort Myers is the perfect setting for businesses seeking a high-growth environment for their next phase of success. Combining extensive recent improvements, an easily accessible downtown location, and proximity to major revitalization projects, Unit 300 at First Street Center is the perfect acquisition for both savvy investors and growing enterprises. Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
| Total Building Size | 37,558 SF | Typical Floor Size | 1,411 SF |
| Property Type | Office (Condo) | Year Built | 1980 |
| Property Subtype | Office/Residential | Lot Size | 0.30 AC |
| Building Class | C | Type of Ownership | Fee Simple |
| Floors | 3 | ||
| Zoning | U-CTR - U-CTR Urban Center (City of Fort Myers) - Permits Res/Comml Usage w/ Condo Association approval. | ||
| Total Building Size | 37,558 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 1,411 SF |
| Year Built | 1980 |
| Lot Size | 0.30 AC |
| Type of Ownership | Fee Simple |
| Zoning | U-CTR - U-CTR Urban Center (City of Fort Myers) - Permits Res/Comml Usage w/ Condo Association approval. |
Amenities
- 24 Hour Access
- Controlled Access
- Air Conditioning
1 Unit Available
Unit 300
| Unit Size | 5,874 SF | Sale Type | Investment |
| Condo Use | Office |
| Unit Size | 5,874 SF |
| Condo Use | Office |
| Sale Type | Investment |
Demographics
Demographics
Sale Advisor
Sale Advisor
Michael Frye, Broker/Owner
About the Auction Technology
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Upgraded Downtown Fort Myers Office Condo | 2401 1st St
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