Retail Investment Opportunity - 7.25% Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30137085
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 9,169 SF
Gross Building Area: 9,636 SF
Gross Land Area: 15,000 - 19,000 SF
Sale Price: $1,107,835
Unit Price: $120.82 PSF
Property Use Type: Investment
Usable Size (USF): 9,169 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/20/2019

Overview / Comments

PRIME LOCATION! Excellent commercial retail building located on a 15,000 SF site with 100 feet on access road facing US 41. Comes with a large digital sign, that is located out front, and makes the building stand out from the rest!


Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402222431016
Zoning: CG
Retail Clientele: General
Property Located Between: Harbor Blvd. and Westchester Blvd.
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Feet of Frontage: 100
Traffic/Vehicle Count: 49,500
Highway Access: Approximately 1.7 miles from Kings Highway and 5.0 miles from I-75.
Airports: Punta Gorda Airport - Approximately 8 miles
Site Description: Building is currently divided into 3 units, 2 of which are approximately 2,200 SF. Can be converted into a single unit building.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1959
Total Parking Spaces: 8
Parking Type: Surface
Parking Description: There is parking in front of the building and across the access road (county parking). Also, there is ownership of a 4,000 SF MOL adjacent to the county parking that could be developed into additional private parking.
Zoning Description: Commercial General (CG) - The purpose and intent of this district is to allow general commercial activity.
In Flood Plain?: Yes
Lot Frontage: 100 ft.
Lot Depth: 150 ft.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: PORT CHARLOTTE SEC 11 BLK 1350 LTS 12 13 INCLUDING PORTION OF PARKING AREA FORMERLY PLATTED AS PARK OPPOSITE LOTS 292/522 386/180 543/837-838 671/446 2232/1579 AFF2232/1581 3486/1159 CT3537/1285 3630/1991

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,402 46,179 83,071
Median Age: 53.97 52.2 52.23
Households: 4,605 21,241 37,663


Photograph of Listing Agent

Ron A Struthers, PA

MFCRE Member
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