8495 Placida RdPlacida, FL 33946

Property Details for 8495 Placida Rd

Year built

1988

Construction

CONCRETE BLOCKS

Lot size

3.82 AC

Property size (Sq ft)

24,045 SF

Zone code

CG COMMERCIAL-GENERAL

Property type

Retail properties

Property subtype

Strip malls

APN

41-20-34-377-002

APU

412034377002

Description

This exceptional .63-acre outparcel, located at 8495 Placida Road in Placida, Florida, presents a prime redevelopment opportunity. Currently configured as a five-bay self-serve car wash (equipment not included), this 3,300 square foot property is priced at $895,000 ($271.21 per square foot). The property boasts a highly visible frontage on Placida Road within the bustling Cape Haze Shopping Plaza, ensuring maximum exposure to a substantial customer base. Its strategic location near the popular beach communities of Boca Grande, Palm Island, and Gasparilla Island promises significant potential for high returns. The CG zoning allows for a wide range of uses, providing flexibility for diverse development plans. The property is available for sale and the occupancy date is October 21, 2023. This is an ideal investment for those seeking a high-traffic location with significant development potential in a thriving coastal community. The lot size is 0.63 acres, situated in Charlotte County, Florida, zip code 33946.

• CAP approach

  CAP return

  Valuation

  6%

  $9,375,925

  6.5%

  $8,654,700

  7%

  $8,036,507

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,155,617

  Geo Method

  $11,066,173

• Alternative Use

  Use

  Valuation

  Residential

  $7,300,564

  Hospitality

  $6,687,276

  Educational

  $5,563,736

  Medical

  $5,755,081

  Retail

  $8,654,700

Location Insight

City

Placida

County

Charlotte

State

Florida

Latitude

26.86

Longitude

-82.2993

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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