Motivated Seller for Excellent Location

Retail-Commercial for Sale
Catylist Listing ID: 29983605
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 3,856 SF
Gross Land Area: 43,042 SF
Sale Price: $799,000
Unit Price: $207.21 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,856 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2019

Overview / Comments

PRICE REDUCTION on this commercial/office building with great visibility and location near the intersection of Kings Highway and Tamiami Trail. Close to the Punta Gorda market with easy access to the bridge. Located directly on Tamiami Trail with great access to Port Charlotte and Punta Gorda. Remodeled and refurbished in 2007 after Hurricane Charley.

Found along Florida’s welcoming Gulf Coast, Port Charlotte is located in Charlotte County and shares city borders with North Port and Punta Gorda. With a positive employment rate of 2.36%, Port Charlotte is a growing opportunity for the workforce. The Lost Lagoon is planning to make a big splash in the area, estimated to draw customers from as far as 30 miles from the south, east and north. Site options range from 1 acre to more than 1,000 acres. Developed for high performance with superb water, power and telecommunications infrastructure, the Park enhances productivity with cost-effective advantages of a designated Foreign Trade Zone. The Punta Gorda Interstate Airport Park, a 4,300-acre global opportunity, offers not only access but also large-scale site selection and flexibility.

The newly-planned community of West Port is about to break ground. Just minutes from the Port Charlotte Town Center, the master-planned community will create excitement and will be developing 2,000 new homes and thousands of new commercial square footage.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte
Tax ID/APN: 402225306002
Zoning: COMMERCIAL GENERAL
Property Located Between: Sibley Bay Street and Guard Street
Property Visibility: Excellent
Highway Access: Tamiami Trail with access to Harborview Road/Edgewater Drive/Kings Highway.
Airports: RSW, Punta Gorda Regional
Site Description: Great visibility and location near the intersection of Kings Highway and Tamiami Trail. Close to the Punta Gorda market with easy access to the bridge.
Area Description: Located directly on Tamiami Trail with great access to Port Charlotte and Punta Gorda.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,856 SF
Year Built: 1983
Year Renovated: 2007
Roof Type: Mansard
Construction/Siding: Stucco, Wood Frame
Exterior Description: Clean and presentable.
Total Parking Spaces: 16
Parking Type: Surface
Parking Description: Surface parking to the left of the building structure.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Clean and designed for a medical office. Remodeled after Hurricane Charley.
Zoning Description: CG - Commercial General.
Lot Frontage: 163'
Lot Depth: 286' on Guard Street
Water Service: Municipal
Sewer Type: Municipal
Legal Description: SIB 000 0012 0007 SIBLEY'S DIV TO CHAR HARBOR BLK 12 LTS 7 8 9 10 11 12 & E 1/2 OF ALLEY ADJ THERETO & LTS 7 8 OF BLK 5 & E 1/2 OF ALLEY ADJ THERETO AND VAC CENTER ST LYING E OF CENTER LINE OF ALLEY 548/304 445/588 548/554 714/569-570 743/627 787/155 1520/20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,112 35,850 92,021
Median Age: 62.1 52.53 53.12
Households: 1,574 16,798 42,070

Contact

Photograph of Listing Agent

Howard Corr

CORR COMMERCIAL ADVISORS LLC
MFCRE Member
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