24123 Peachland BlvdPunta Gorda, FL 33980

Property Details for 24123 Peachland Blvd

Year built

1991

Lot size

9.31 AC

Property size (Sq ft)

83,180 SF

Zone code

PD PLANNED DEVELOPMENT

Property type

Retail properties

Property subtype

Strip malls

APN

40-23-07-101-006

APU

402307101006

Description

Peachland Promenade, a Class A, Publix-anchored neighborhood center, presents a compelling investment opportunity in Port Charlotte, Florida. This 98,467 square foot retail property, built in 1991, boasts a prime location at the intersection of Peachland Boulevard and Hillsborough Boulevard, offering excellent visibility and accessibility. The center features a convenient parking ratio of 4.26 spaces per 1,000 square feet, ensuring ample parking for customers and tenants. Currently, there are multiple spaces available, with a minimum divisible space of 1,080 square feet and a maximum contiguous space of 2,700 square feet; a total of 5,220 square feet is currently vacant. The property sits on a 9.31-acre lot and is zoned PD (Charlotte County). This freestanding building offers a unique opportunity for businesses seeking high-traffic exposure in a thriving community. The property's location just west of I-75 provides easy access for customers throughout the region. The center's strong anchor tenant, Publix, further enhances its appeal and draws significant foot traffic. This is an exceptional opportunity to establish or expand your business in a well-established and highly visible retail center. The property is situated on the southwest corner of Veterans Boulevard and Kings Highway.

• CAP approach

  CAP return

  Valuation

  6%

  $35,360,028

  6.5%

  $32,640,026

  7%

  $30,308,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $41,752,556

  Geo Method

  $38,281,732

• Alternative Use

  Use

  Valuation

  Residential

  $27,533,084

  Hospitality

  $25,220,156

  Educational

  $20,982,874

  Medical

  $21,704,508

  Retail

  $32,640,026

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

27.0159

Longitude

-82.054

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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