3315 Harbor BlvdPort Charlotte, FL 33952

Property Details for 3315 Harbor Blvd

Year built

1959

Construction

CONCRETE BLOCKS

Lot size

0.18 AC

Property size (Sq ft)

3,520 SF

Zone code

CG COMMERCIAL-GENERAL

Property type

Retail properties

Property subtype

Retail space

APN

40-22-22-257-003

APU

402222257003

Description

This 4,204 square foot shopping center in Port Charlotte, Florida, presents a compelling value-add investment opportunity. Located on Harbor Blvd, this single-story, 1959-built property boasts a 100% occupancy rate with five tenants, including a Subway franchise. The property features 18 parking spaces and sits on a lot that includes a vacant buildable lot behind the main structure. Currently generating a NOI of $58,807, with a pro-forma NOI of $76,903, this property offers a 4.90% cap rate and a pro-forma cap rate of 6.41%. The asking price is $1,199,000, translating to $285.20 per square foot. The property is zoned CG and benefits from a strong tenant mix, with leases structured on a gross basis and including 3% annual rent bumps. The strategic location on a busy thoroughfare ensures high visibility and accessibility, while the current below-market lease rates provide significant upside potential for increased revenue. This well-maintained property offers a blend of stability and growth potential, making it an attractive investment in a thriving commercial district.

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

26.9807

Longitude

-82.0982

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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