About this home
Prime Fort Myers Commercial Investment Opportunity! Located at 1950 Ricardo Ave, this beautiful commercial building offers an excellent location just minutes from Edison Mall and Cleveland Avenue, providing strong visibility and convenient access. The property is currently leased to an established business on a 4-year lease generating $5,000 per month in rental income, providing an attractive opportunity for an investor seeking immediate cash flow. A strategically located property in a high-traffic area with convenient access to major roads, shopping, dining, and surrounding businesses. Ideal for investors looking for a leased commercial asset in the heart of Fort Myers.
Listing last checked: Listing updated:
Listed by Andy Molina · Ace Realty & Associates, LLC · MLS #2026042371
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Details at a glance
Building2 property facts
- Style
- Industrial
- Year built
- 1966
Land & utilities1 property facts
- Lot size
- 0.163 acres
Financial3 property facts
- Annual taxes
- $5,257
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $450,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$2,714 / monthAdjust
- Principal & interest
- $2,275
- Property tax
- $438
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $5,257. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$390,000 · Apr 8, 2026
- Sld
$279,000 · Sold $280,000 · Jul 22, 2019
- Sld
$415,000 · Sold $293,000 · Jan 8, 2009
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About 1950 Ricardo Avenue
Can I request a private showing?
Request a tour of 1950 Ricardo Avenue and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.