730 Tamiami Trail, Port Charlotte, FL Shown by Appointment Only
With 3,204 square feet under air conditioning, this one-story building is made up of three distinct storefronts. Built in 2002 with masonry stucco on block it sits in a 'low-risk flood zone X
18 Parking spaces.
The building is fully leased with a stable tenant who has approximately three and a half years on the lease. The income from this double net lease will throw off $72,000. gross.
Providing an 8.01 CAP at the asking price.
The Air conditioning system has been well-maintained. The roof is three to five years old.
This area between Toledo Blade Blvd. and Sumpter Blvd. has seen an expansion of investment along Tamiami Trail.
Mazda has reportedly invested $20 Million dollars on their faith in the growth of the Port Charlotte area.
The year-round Charlotte County Sports Park is the home field for the Tampa Bay Rays Spring training operations.
The Park brings people to the entertainment all year long.
About Our Real Estate Listing
Investment Property for Sale
Price - $825,000.
At the asking price, this investment shows an 8.0 Capitalization Rate.
Upon expiration of the lease, the three stores will be available for rent individually at a higher market rate.
Commercial on the coast, LLC Florida licensed R E Broker
Our Mission
Commercial On The Coast aims to connect buyers and sellers in the commercial real estate market along the SW coast of Florida. We strive to provide a seamless experience by offering comprehensive listings and expert guidance tailored to your needs.
(516) 987-5220