Swiss Connections

Retail-Commercial for Sale
Sale Pending
Also listed as Business Opportunity, Office
Catylist Listing ID: 30665303
Property Subtypes: Street Retail
Status: Pending
Building Size (RSF): 5,911 SF
Gross Building Area: 6,401 SF
Gross Land Area: 9,476 SF
Sale Price: $1,299,990
Unit Price: $219.93 PSF
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Swiss Connections
Usable Size (USF): 5,911 SF
Core Factor: 8.20%
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Last Updated: 11/16/2020

Overview / Comments

For SalePendingCondo3 Beds2 Full Baths5,911 Sq. Ft.Updated 4 days ago
74 Photos Map & Location Street View
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BIG CITY LIVING WITH SMALL TOWN CHARM. Residential/Commercial opportunity! Located in Historic Punta Gorda, FL, this expansive 2072 sq foot, 3 bed, 2 bath, open floor plan home offers the best of European-Style city living. World class dining, charming shopping, abundant nightlife are all just steps outside your door of this well-appointed walk-up penthouse. Hardwood floors throughout this stunning residence provide continuity and elegance. Abundant windows and French doors provide tons of natural light; plantation shutters on windows allow for privacy. Open kitchen / great room floor plan gives ample room for entertaining or large family gatherings. The kitchen offers stainless appliances, hard surface counters with a breakfast bar, under-counter wine fridge, and pantry. A DUMBWAITER allows for easy transport of groceries and packages from the parking lot to the residence. The great room is open with plenty of area for seating, lounging, and family dining and has an additional walk in pantry. The OVERSIZED master suite has two large windows with plantation shutters providing ample natural light and space for a private sitting area or in-home office. Master bath has granite floors and counters, dual sinks, oversized walk-in shower, separate water closet. Bedroom 2 is adjacent to the master and has a large closet. Laundry room with utility tub, plentiful storage and dumbwaiter is located in the master bedroom wing. Bedroom 3 is split from the master wing, beside the kitchen, and has a PRIVATE ENTRY onto the east balcony. COVERED BALCONIES are situated on opposing sides of the penthouse. Watch the sunrise with your morning coffee on the east balcony and from the western balcony, relax with a cocktail while being awed by stunning SWFL sunsets. This unique penthouse home is situated above 3838 sq ft of fully leased COMMERCIAL rental space, divided into 4 units, which provide SIGNIFICANT INCOME. Rent rolls will be provided upon request. Each unit has a private bath and access from the front walkway or from the parking lot. A wrap around porch provides visitors cover from the sun or inclement weather while visiting the commercial spaces. The walkway is ADA compliant. The building has impact glass, and roll down hurricane shutters on the residential unit, dumbwaiter for the residential unit, 5 parking spaces, and ample on street parking. This unique property provides steady income as well as a luxurious living space for the buyer. The residential unit would be highly desirable for seasonal rental. Historic Punta Gorda has been voted America's best small town. There are over 100 miles of hiking and biking trails, including Harborwalk which abuts beautiful Charlotte Harbor. Several Marinas are close-by for boat dockage. Come discover Punta Gorda, FL.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $2,482 (Annual)
Assessed Value - Total($) $571,450 (Annual)
Potential Rental Income $121,400 (Annual)
Gross Operating Income $87,420 (Annual)
Net Operating Income $74,396 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name J Gerow & Assoc.
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $15 PSF (Annual)
Lease Expiration 10/2019
Escalations 3%
Tenant Business Name Friendly Floors
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $14 PSF (Annual)
Lease Expiration 12/2016
Escalations 3%
Tenant Business Name Pilates For Life
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $15 PSF (Annual)
Lease Expiration 7/2016
Tenant Business Name Green Coast Builders
Is Renting? Yes
SF of Space Occupied 560 SF
Current Rent $16 PSF (Annual)
Lease Expiration 7/2016
Escalations none
Tenant Business Name Apartment
SF of Space Occupied 2,500 SF
Current Rent $15 PSF (Annual)
Tenant Business Name J Gerow & Assoc.
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $15 PSF (Annual)
Lease Expiration 10/2019
Escalations 3%
Tenant Business Name Friendly Floors
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $14 PSF (Annual)
Lease Expiration 12/2016
Escalations 3%
Tenant Business Name Pilates For Life
Is Renting? Yes
SF of Space Occupied 960 SF
Current Rent $15 PSF (Annual)
Lease Expiration 7/2016
Tenant Business Name Green Coast Builders
Is Renting? Yes
SF of Space Occupied 560 SF
Current Rent $16 PSF (Annual)
Lease Expiration 7/2016
Escalations none
Tenant Business Name Apartment
SF of Space Occupied 2,500 SF
Current Rent $15 PSF (Annual)

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 412306385003
Zoning: CG,CG
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: Taylor Street & US 41
Property Visibility: Excellent
Largest Nearby Street: US 41
Feet of Frontage: 196
Traffic/Vehicle Count: 30,000
Highway Access: US 41 Interstate 75 5 minutes east.
Airports: Punta Gorda Airport 10 minutes east, Sarasota airport 40 minutes North.
Site Description: City lot adjacent in Historic District.
Area Description: Historic downtown Punta Gorda
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,838 SF
Property Condition: Excellent
Year Built: 2005
Roof Type: Flat
Construction/Siding: Block
Exterior Description: stucco
Total Parking Spaces: 12
Parking Ratio: 2.5 (per 1000 SF)
Parking Type: Surface
Parking Description: 12 spaces on site plus over 50 spaces available in adjacent surface parking lot belonging to the Church and open to public parking.
Sprinklers: Other
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: CG CG
Lot Frontage: 196
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: fee simple
Legal Description: PUNTA GORDA BLK 63 LTS 17 & 18 90/311 C#77-514 1227/1557 1508/2116 1718/2189 1822/40 2862/1305

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,080 23,922 63,898
Median Age: 59.23 59.65 54.78
Households: 2,031 11,855 29,973
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