Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30758255
Property Subtypes: Mixed Use
Building Size (RSF): 10,056 SF
Gross Building Area: See Agent
Gross Land Area: 32,760 SF
Sale Price: $1,750,000
Unit Price: $174.03 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 8/30/2021

Overview / Comments

Investment Sale NNN Lease. The retail property consists of two buildings 100% leased. Tenants doing their own build outs, Tenants are Pet Grooming, Wine & Coffee Bar, Employment Agency, Cryotherapy Spa, Barber Shop and Hearing Aid Center. All tenants to be open in 3 months. Ample Parking On Site. Located on the south corner of E Olympia Ave and Mary St Its a half mile from St Rt 41. This building is located one block from Bayfront Hospital Punta Gorda. This is a nice area for medical/office/retail, there is 65,000 households within 5 miles with an average income of $73,000 annually. Located on a busy main road to the interstate I-75. Projected NOI 122,000 NNN.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 412306427003
Zoning: NC
Property Located Between: South Corner of E Olympia Ave & Mary St
Largest Nearby Street: US 41
Feet of Frontage: 350
Highway Access: I-75
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1975
Year Renovated: 1980
Zoning Description: NC - Neighborhood Commercial
Lot Frontage: 350
Lot Depth: 200

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,986 26,000 71,317
Median Age: 48.21 57.95 54.29
Households: 1,886 12,704 33,054
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