Diner in Port Charlotte Murdock Area on US41

Shopping Center for Sale
Catylist Listing ID: 30298662
Property Subtypes: Strip Center
Condo? Yes
Building Size (RSF): 1,000 SF
Gross Building Area: 10,000 SF
Sale Price: $109,000
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Charlotte Trade Center
Usable Size (USF): 1,000 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/14/2019

Overview / Comments

BE YOUR OWN BOSS! Diner in Murdock area of Port Charlotte, 1,000sf floor space with a roll-up door at rear, good parking and lots of exposure from US 41, adjacent to busy industrial and commercial areas as well as area restaurants and shopping.

With new development along US-41 between Port Charlotte & North Port and as Murdock Village is being built, this area is taking off. Murdock Village's entrance is planned to be less than two miles to the West of this complex and on the same East/South side, there may also be another US-41/776 connector West of this property. This significant increase in traffic, both as commuters as well as that related to businesses, will create opportunity for for your enterprise here. A boutique real estate brokerage has just located a few doors down and the complex promises to move 'up market' in the future. It's said you make money when you BUY real estate, not when you sell it; get out in front of the marker with this property!

Property is assessed as 1,000sf but there is an unfinished second floor of approximately 700sf being used as a storage and mechanical space, this could be converted to office or other use as other units in the complex have done.

This is an opportunity for an investor as the tenants would like to stay in place on the existing month to month lease arrangement. They may be willing to sell the well-established diner business and equipment, terms are negotiable.

Should you be seeking owner-occupied space the month to month lease arrangement with the current tenants will get you in the space at closing. As an existing restaurant is in place, there should be no impact fees due to Charlotte County; this can be more than $14,000 per 1,000sf when paying impact fees for a restaurant, even in an existing building. Consider this when looking at retail space with plans for food service! The existing tenant will consider a long-term lease should you buy the property as an investment.

Owner will consider owner financing.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402207576004
Is Condo?: Yes
Zoning: IG
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Tamiami Trail and El Jobean
Property Visibility: Excellent
Largest Nearby Street: US 41 Tamiami Trail
Property Condition: Average
Year Built: 1984
Roof Type: Flat
Legal Description: CTC 000 000A 00A4 CHAR TRADE CENTER BLDG A UN A-4 889/646 912/1721 1465/1118AFF1475/1225 1475/1232(1/2 INT) AFF1902/1827-WC 1902/1829 3632/349 3985/1970

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,336 35,192 105,408
Median Age: 44.07 45.65 46.95
Households: 1,384 14,598 44,356

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