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

2 Spaces

Bar/Restaurant/Liquor Store
Hungry Howies
3/5/2018 12:00:00 AM 1/14/2019 4:09:32 PM
Charles Thomas
Broker and Principle
Maxim Commercial Real Estate


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