100% Occupied Retail Building | 3880 Tamiami Trl
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100% Occupied Retail Building 3880 Tamiami Trl
5,640 SF 100% Leased Retail Building Port Charlotte, FL 33952 £930,333 (£165/SF) 6.40% Net Initial Yield
Investment Highlights
- 100% occupied retail building
Executive Summary
• Fully occupied, multi-tenant commercial building with high visibility and traffic exposure on US-41.
• The 2005 single-story building is constructed of concrete block, metal trusses and studs.
• Comprised of five units and 5,640± sq. ft. of rentable floor area.
• Parking includes 8 spaces in the front, 15 spaces in the rear of building and a public lot with 8 additional spaces across the street.
• Utilities provided by County central water and sewer systems.
• Located 1.5± miles north of the new 785-room Sunseeker Resort & Convention Center
LOCATION HIGHLIGHTS:
• 1.5± miles to SunSeeker Resort
• 3± miles to Downtown Punta Gorda
• 4.5± miles to I-75
• 6.5± miles to Punta Gorda Airport (PGD)
• The 2005 single-story building is constructed of concrete block, metal trusses and studs.
• Comprised of five units and 5,640± sq. ft. of rentable floor area.
• Parking includes 8 spaces in the front, 15 spaces in the rear of building and a public lot with 8 additional spaces across the street.
• Utilities provided by County central water and sewer systems.
• Located 1.5± miles north of the new 785-room Sunseeker Resort & Convention Center
LOCATION HIGHLIGHTS:
• 1.5± miles to SunSeeker Resort
• 3± miles to Downtown Punta Gorda
• 4.5± miles to I-75
• 6.5± miles to Punta Gorda Airport (PGD)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,640 SF
Building Class
C
Year Built
2005
Price
£930,333
Price Per SF
£165
Net Initial Yield
6.40%
NOI
£59,541
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.38
Lot Size
0.34 AC
Zoning
CG - Charlotte County CG Zoning District
Parking
23 Spaces (4.08 Spaces per 1,000 SF Leased)
Frontage
150 ft on Tamiami
Amenities
- Freeway Visibility
- Tenant Controlled HVAC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 402223379006 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £447,494 |
PROPERTY TAXES
Parcel Number
402223379006
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£447,494
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100% Occupied Retail Building | 3880 Tamiami Trl
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