The Courtyard

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30716659
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Status: Pending/Contingent
Building Size (RSF): 6,512 SF
Gross Building Area: 8,948 SF
Gross Land Area: 18,550 SF
Sale Price: $1,280,000
Unit Price: $196.56 PSF
Property Use Type: Investment
Building Name: The Courtyard
Usable Size (USF): 6,512 SF
Sale Terms: Cash to Seller
Cap Rate: 8.09%
Last Updated: 6/16/2021

Overview / Comments

The Courtyard was acquired in 2018 by a professional plumbing company who renovated the units and enhanced the courtyard with beautiful greenery, sitting areas for customers and residents, a gazebo with an outdoor area for pet friendly businesses and a laundry area for all tenants. This little gem sits in the middle of Port Charlotte. Its 100% occupied and the tenants have a long-term commitment to the location. The building contains 6 commercial spaces on the lower level and 6 residential suites with 1 bedroom and 1 bathroom on the 2nd level. The owners have set up two of the six residential suites on airbnb and they are booked through the end of the year. There is 26 onsite parking spaces and plenty of ambiance for visitors. Opportunity to adjust rents to market rate upon lease expiration and further upgrade the tenant mix and income.
Located on the main artery makes this the marque property welcoming to visitors and residents. This is truly an awesome investment opportunity!

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402216404004
Retail Clientele: General, Business
Property Located Between: Located on US-41 near the intersection of US-41 (Tamiami Trail) and Midway Blvd. Next to Honey Baked Ham. This location is great for this mixed use of Residential and Retail/Office.
Largest Nearby Street: Midway Blvd.
Traffic/Vehicle Count: 43,000
Highway Access: US-41
Airports: Punta Gorda
Site Description: This location is great for this mixed use of Residential and Office/Retail.
Area Description: Next to Honey Baked Ham and Periwinkle Place (Strip Center)
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1974
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Masonry, Stucco on Block
Total Parking Spaces: 26
Parking Type: Surface
Parking Description: Asphalt with 26 parking spots
Lot Frontage: 70
Lot Depth: 265

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,742 51,593 93,436
Median Age: 49.57 50.31 48.6
Households: 4,100 22,879 40,267
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