9,756 SqFt
9,756 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,756 sqft
Price per Sqft $215
Subdivision Port Charlotte Sec 003
MLS Listing ID C7520821
HOA Y/N No
Year Built 1979
Annual Tax Amount $22,972
Lot Size 0.490 Acres
Acres 0.49
Property Sub-Type Retail
Source Stellar MLS
Property Description
MOTIVATED SELLER! Turn-Key Investment Opportunity — Fully Leased Multi-Tenant Building!
Opportunity to acquire a fully leased, free-standing multi-tenant building prominently located on Tamiami Trail in Port Charlotte with ample parking! All five units are currently occupied, delivering immediate, in-place income. The property features five units totaling 10,881 square feet with 9,756 rentable square feet. A standout feature is the impressive 190 feet of canal waterfront with direct harbor access. The location benefits from exceptional visibility with an Annual Average Daily Traffic Count (AADT) of 45,500. Recent improvements include a roof replacement completed in December 2022.
Seller financing is available at an attractive 5% interest rate
— a rare opportunity for a buyer to lock in favorable terms in today's rate environment and improve overall returns on this cash-flowing asset. Rent roll and seller income/expense sheet on page 3 of the brochure.
Ownership has taken exceptional care in the construction and maintenance of this property. According to the owner, the building has never flooded during any hurricane. The building was constructed three courses of block higher than required, and interior finished floor elevations sit above the centerline of the road.
The structure was built with 50-foot steel trusses, engineered to support a potential second story — offering long-term expansion flexibility for a future owner.
Major systems have been well maintained and recently updated:
Roof: Replaced in 2022
HVAC: All units replaced in late 2022 and 2023.
Ownership currently carries $22,000/year in property insurance and does not carry separate flood insurance.
Location
State FL
County Charlotte
Community Port Charlotte Sec 003
Area 33952 - Port Charlotte
Zoning CG
Interior
Cooling Central Air
Exterior
Waterfront Description Canal Front
View Y/N Yes
Water Access Yes
Water Access Desc Bay/Harbor
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Stucco
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7520821
Nearby Locations
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