3642 Tamiami TrlPort Charlotte, FL 33952

Property Details for 3642 Tamiami Trl

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.22 AC

Property size (Sq ft)

4,650 SF

Zone code

CG COMMERCIAL-GENERAL

Property type

Retail properties

Property subtype

Retail space

APN

40-22-22-431-020

APU

402222431020

Description

This exceptional retail property, located at 3642 Tamiami Trail in Port Charlotte, Florida, presents a compelling investment opportunity. The 5,400 square foot building, constructed in 1960 and extensively renovated in 2023, boasts a desirable location on a 9,500 square foot lot. Currently, 3,650 square feet are owner-occupied, while an additional 1,000 square feet are leased, offering immediate income potential and a possible business sale opportunity. The property benefits from ample parking on both sides of the access road, ensuring convenient access for customers. Zoned CG Commercial General, this versatile space is suitable for a wide range of retail uses. The building features a new roof and updated exterior. Its prime location on Tamiami Trail (SR 41) in the thriving Port Charlotte area guarantees high visibility and accessibility. The lot includes an additional 2,000 square feet of land between Tamiami Trail and the access road, providing further development potential. This well-maintained, freestanding building offers a unique blend of owner-user potential and investment income, making it an attractive proposition for discerning investors seeking a strong return on investment in a dynamic Florida market. The asking price is $749,000. The 33952 zip code ensures easy access to local amenities and a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $1,976,727

  6.5%

  $1,824,671

  7%

  $1,694,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,334,087

  Geo Method

  $2,140,058

• Alternative Use

  Use

  Valuation

  Residential

  $1,539,178

  Hospitality

  $1,409,879

  Educational

  $1,173,003

  Medical

  $1,213,344

  Retail

  $1,824,671

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

26.9772

Longitude

-82.0908

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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