CG-Zoned Building in Heart of PC Medical District For Sale

Office for Sale
Catylist Listing ID: 30837396
Property Subtypes: Office Building, Other
Building Size (RSF): 13,408 SF
Gross Building Area: 17,687 SF
Gross Land Area: 2.28 Acres
Sale Price: $3,250,000
Unit Price: $242.39 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: former location of Bank of America
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/5/2023

Overview / Comments

This property is in the heart of the Medical District in Port Charlotte. This was a former location of Bank of America and is situated near the intersection of Tamiami Trail and Olean Boulevard. The land area is 2.28 acres which would provide enough property to expand the current building or to construct a separate CG-zoned compatible structure. The building is currently being renovated after Hurricane Ian. This property is being offered for sale at $3,250,000. The separate portion of the building in the rear (3,259 SF) is leased through April 2024 to a construction company at $16.00/sf modified gross.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402222133001
Zoning: CG
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1971
Year Renovated: 1980
Construction/Siding: Block, Stucco
Parking Type: Surface
Zoning Description: CG - Commercial General
Lot Frontage: 374'
Lot Depth: 247'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,173 55,611 90,716
Median Age: 49.55 50.28 50.26
Households: 4,390 24,547 39,945


Photograph of Listing Agent

Howard Corr

MFCRE Member
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