Property
| Ownership: | Sole Proprietor |
|---|---|
| Type: | Retail |
| Lot Size: | 0.5 Acres |
Financials
Price:$2,100,000
Annual Taxes:$22,972.95
Listing Courtesy of COLDWELL BANKER REALTY
Investment Opportunity ! MOTIVATED SELLER !
Description
Investment Opportunity!
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.
Amenities
- Canal Front
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.