For Sale
$4,249,990

23330 Harbor View Rd Punta Gorda, FL 33980

High-return auto shop/retail center

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 14,080 square foot retail property, located at 23330 Harbor View Rd, Port Charlotte, FL 33980, presents a lucrative investment opportunity. Currently occupied by a 100% leased mattress store, the property boasts a strong 7.90% cap rate and a pro-forma cap rate of 7.95%, generating a pro-forma NOI of $337,920. The building, constructed in 2016 and renovated in 2016, sits on a 1.25-acre lot with direct Harborview frontage. The property is zoned CG and features a Class B building with one unit. The asking price is $4,249,990, translating to $301.85 per square foot. The lease is a NNN type, with a multi-tenant occupancy and zero years remaining on the current lease. This versatile property is suitable for various retail uses, including auto shops and shopping centers, offering significant potential for future growth and income. The property's recent roof replacement adds to its value and reduces immediate maintenance concerns. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

Highlights

  • 14,080 SF retail property at 23330 Harbor View Rd, Port Charlotte, FL 33980.
  • Currently 100% leased to a mattress store, offering a 7.90% cap rate (7.95% pro-forma), with a $337,920 pro-forma NOI.
  • Built in 2016 (renovated 2016), situated on a 1.25-acre lot with Harborview Road frontage.
  • Class B building, single unit, CG zoning. Asking price: $4,249,990 ($301.85/SF).
  • NNN lease, multi-tenant occupancy, lease expiring soon. Suitable for various retail uses.
  • Recently replaced roof.

Property Details for 23330 Harbor View Rd

Property type
Lifestyle centers, Power centers
Square Feet
14,080 SF
Class
B
Year Renovated
2016
Buildings
1
Lot Size (sq. ft)
54,450 SF
Units
1

Location Insight

City
Punta Gorda
County
Charlotte
State
Florida
Latitude
26.9659881
Longitude
-82.063741

FAQs

What type of property is this?
Lifestyle center - High-return auto shop/retail center
Where is the lifestyle center located?
The property is located at 23330 Harbor View Rd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $4,249,990.
What are key features of this property?
This property features: 14,080 SF retail property at 23330 Harbor View Rd, Port Charlotte, FL 33980.; Currently 100% leased to a mattress store, offering a 7.90% cap rate (7.95% pro-forma), with a $337,920 pro-forma NOI.; Built in 2016 (renovated 2016), situated on a 1.25-acre lot with Harborview Road frontage.
How can I contact the broker?
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23330 Harbor View Rd
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