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 |
| Zoning: |
CG - COMMERCIAL GENERAL |
| 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 |
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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