2150 W 1st St
Fort Myers, FL 33901
1 Acre 2150- 2164 W. First Downtown Site · Retail Property For Sale

This rare 1.03-acre urban core assemblage in downtown Fort Myers offers a compelling mix of income, redevelopment potential, and location appeal. Comprising three highly visible freestanding single-story commercial buildings totaling 10,940 gross square feet, the site features over 60 on-site parking spaces and sits just one property off the Caloosahatchee River. The parcel is surrounded by more than 2,000 residential units—with hundreds more underway—and is walkable to the heart of downtown, the Federal Courthouse, and the Edison & Ford Winter Estates.
Zoned Urban Core, the site allows for up to 70 dwelling units per acre by right, with additional density possible through the conditional use process. With a FAR of 12, the property supports up to 538,404 buildable square feet, assuming all concurrency requirements are met. No front, side, or rear setbacks are required, and planning and zoning permits a minimum of 18 stories.
Six of the seven tenant suites have been restored since Hurricane Ian, and the property currently generates approximately $16,000+ in monthly gross income. A 3,340-square-foot freestanding restaurant building remains vacant and ready for buildout. This is not a NOI-driven sale, but rather a strategic opportunity to acquire a high-demand site with strong fundamentals and redevelopment upside.
The property is directly in front of Riverside Club condos (7 stories, 48 units), near Highpoint Place (32 stories, 270 units), and adjacent to Triton Cay Phase II (12 stories, 241 units), which sold for $4.75M in 2023. It’s also near the new 5-acre, 500,000+ square foot twin tower marina site acquired by NRIA. With easy access to the Caloosahatchee and Edison bridges, Midpoint Bridge, and I-75, this location is central, connected, and poised for growth.
For showings, contact Rick Noll in Tampa at 813-477-4517.