Description:

NNN Investment Property located in beautiful Punta Gorda.
The Cap rate with a 65% occupancy is 5.6%. Cap rate is just over 8% for full occupancy at market rates. Current occupancy of 65% is with 3 of the 5 units leased. NNN pass through & CAM is estimated to be $4.36. An appraisal of the property was just completed.
This location is ideally situated in Punta Gorda and is within walking distance to Fisherman's Village for shopping and dining or to historic downtown filled with restaurants, shops and entertainment. Tourists and residents can grab a free bike from Fisherman's Village and enjoy the bike trails. Farmers Markets on both Saturdays and Sundays are within walking distance. The waterfront is a short walk away where amazing sunsets can be enjoyed! A walking/biking trail runs the length of the waterfront, winds through the town and by this property.
Punta Gorda is on I-75 -midway between Sarasota and Naples on the Gulf Coast. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida.
This Office/Retail building is located between W. Marion Ave and W Olympia Ave, across from Fisherman's Village and close to the Visual Arts Center.
Investment Property in Punta Gorda
Over 40 Allegiant Air Flights out of the Punta Gorda Airport
Single Story - Multi Tenanted Property
Pro-Forma Cap Rate of 8%

Presented by:

Kahle Commercial  Group

(904) 541-0700

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Property Flyer

Listed by:

KW Commercial Peace River Partners

Port Charlotte - Punta Gorda