Multifamily
Franklin Arms
2310 First St, Fort Myers, FL 33901
Listing Price: Request For Offer
Investment Overview
Meticulously maintained and renovated historic mixed-used value-add trophy asset in Downtown Fort Myers, Florida
Franklin Arms
Investment Highlights
- Meticulously maintained and renovated historic mixed-used value-add trophy asset in Downtown Fort Myers, Florida
- Only investment-grade, upscale asset of scale in pedestrian First Street core
- Asset is turnkey, with upside opportunity to increase Effective Gross Income by more than 31% via commercial space enhancements, residential unit upgrades and increased utility reimbursement
- 22 apartment units totaling 20,080 square feet and 5 office suites totaling 13,451 square feet
- Situated in core of Downtown Fort Myers River District – with $400-million+ immediate-area new developments – the asset features incredible walkability to numerous nearby dining, entertainment and shopping venues
- Fort Myers is U.S. News and World Report's #1 Fastest-Growing Place in America (2024-2025 ranking)
- The iconic masonry buildings were constructed in 1889 and 1924 and have withstood the test of time and mother nature for more than a century; comprehensive renovation in 2020-2024
- Recent Class A upgrade to building lobby and common areas, featuring keypad-controlled access, crown molding and upgraded light fixtures
Exclusively Listed By
Financing By
Investment Highlights
- Meticulously maintained and renovated historic mixed-used value-add trophy asset in Downtown Fort Myers, Florida
- Only investment-grade, upscale asset of scale in pedestrian First Street core
- Asset is turnkey, with upside opportunity to increase Effective Gross Income by more than 31% via commercial space enhancements, residential unit upgrades and increased utility reimbursement
- 22 apartment units totaling 20,080 square feet and 5 office suites totaling 13,451 square feet
- Situated in core of Downtown Fort Myers River District – with $400-million+ immediate-area new developments – the asset features incredible walkability to numerous nearby dining, entertainment and shopping venues
- Fort Myers is U.S. News and World Report's #1 Fastest-Growing Place in America (2024-2025 ranking)
- The iconic masonry buildings were constructed in 1889 and 1924 and have withstood the test of time and mother nature for more than a century; comprehensive renovation in 2020-2024
- Recent Class A upgrade to building lobby and common areas, featuring keypad-controlled access, crown molding and upgraded light fixtures
Investment Overview
Meticulously maintained and renovated historic mixed-used value-add trophy asset in Downtown Fort Myers, Florida
Exclusively Listed By
Financing By
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