2568 1St St, Fort Myers, FL 33901
26 Room Hotel | Fort Myers, FL 33901 | $1,950,000 ($75,000/Room)
For Sale
Active
Asking Price $1,950,000
- Property Type
-
Hospitality
- Square Feet
- 11,076 SF
Listing Contacts
Alex Henderson
Max Molloy
Property Overview
EXECUTIVE SUMMARY:
LSI Companies, Inc. is pleased to present this turn-key 26-unit motel/hotel investment opportunity located in Downtown Fort Myers.
The Relax Inn Motel has historically been used as an extended-stay operation. The units were fully renovated in 2023. This presents a perfect opportunity for an investor seeking to capitalize on the thriving downtown hospitality market.
Situated in the core of Downtown Fort Myers, the property offers luxurious amenities within walking distance, including the renowned Heitman House wedding venue, Burroughs Home and Gardens, as well as a host of downtown attractions such as the Caloosa Sound Convention Center and City of Palms Park.
With the continued development and revitalization of Downtown Fort Myers, this property has significant growth potential. It is an exceptional opportunity for investors looking to acquire a well-positioned property in the heart of Downtown Fort Myers.
LOCATION HIGHLIGHTS:
• 0.7± miles to the Luminary Hotel
• 0.8± miles to the Caloosa Sound Convention Center & Amphitheater
• 1.2± miles to the City of Palms Park
• 1.8± miles to Lee Memorial Hospital
• 15.6± miles to Fort Myers Beach
• 15.7± miles to Southwest International Airport (RSW)
• 17.4± miles to Florida Gulf Coast University (FGCU)
LSI Companies, Inc. is pleased to present this turn-key 26-unit motel/hotel investment opportunity located in Downtown Fort Myers.
The Relax Inn Motel has historically been used as an extended-stay operation. The units were fully renovated in 2023. This presents a perfect opportunity for an investor seeking to capitalize on the thriving downtown hospitality market.
Situated in the core of Downtown Fort Myers, the property offers luxurious amenities within walking distance, including the renowned Heitman House wedding venue, Burroughs Home and Gardens, as well as a host of downtown attractions such as the Caloosa Sound Convention Center and City of Palms Park.
With the continued development and revitalization of Downtown Fort Myers, this property has significant growth potential. It is an exceptional opportunity for investors looking to acquire a well-positioned property in the heart of Downtown Fort Myers.
LOCATION HIGHLIGHTS:
• 0.7± miles to the Luminary Hotel
• 0.8± miles to the Caloosa Sound Convention Center & Amphitheater
• 1.2± miles to the City of Palms Park
• 1.8± miles to Lee Memorial Hospital
• 15.6± miles to Fort Myers Beach
• 15.7± miles to Southwest International Airport (RSW)
• 17.4± miles to Florida Gulf Coast University (FGCU)
Property Details
- Class
- C
- Year Built/Renovated
- 1955/1987
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 23,958 SF
- Units
- 26
Highlights
- Downtown walkable location
- New metal roof and all interiors renovated in 2023
- 720± Sq. Ft. newly renovated pool
- 7 of the total 26 units include built-in kitchenettes
- Historically operated as an extended-stay motel
- Located within the Downtown Community Redevelopment Area
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