Retail•Restaurant•For Sale
DT Punta Gorda Investment or Development Site
220 Tamiami Trail, Punta Gorda, Florida 33950
| Sale Price | $849,000 ($55.69 /SqFt) |
| Sale Type | Investment |
| Zoning | City Center |
| Tenant | Yes |
| Bldg Type | Single-Tenant |
| Class | C |
| Status | Existing |
| Year Built | 1955 |
| Year Renovated | 1988 |
| Stories | 1 |
| Cap Rate | 5.50% |
| Annual Taxes | $4,265.27 |
| Op Expenses | $1.78/sqft |
| Land Area | .35 Acres |
| Market | Southwest Florida |
| Sub-Market | Charlotte County |
| Parcel# | 412306331002, 412306331003 |
REDUCED $350K+
0.35 Acres (15,120sf) Land - 126' Fronting on N US/41 Tamiami Trail - Zoned CC City Center which provides for Zero Lot Line, Build to height 50ft above BFE, Build up to 50,000sf, Minimal Parking spaces required, 200ft from 400 car Free Public Parking Garage, additional Rear Alley access, Value is in the Land not the existing leases which expire Summer 2018, 8" Gravity sewer in rear alley, 12 Water supply in Marion Ave.
4,480sf fully leased buildings. CJs Tavern & Hungry Howies. $46,600 NOI 5.5% cap
- 5.5% Cap Rate
- 2 Bldg Package of 4,480sf Fully Leased
- Build to height of 50' above BFE & 50,000sf
- Across from 400 car Parking Garage- Herald Court Center
- 27,000AADT
- In between Traffic Signals of Major intersections- Olympia & Marion
1 Spaces
1
1 Attachments
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220 Tamiami Brochure- CJs Hungry Howies Site |
3/5/2018 12:00:00 AM
3/5/2018 7:27:21 PM
Charles Thomas
Broker and Principle
Maxim Commercial Real Estate, LLC
