Commercial Sale Property - Office in Port Charlotte
Listing Price: $5,700,000
Description of Property
This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Office
City: Port Charlotte
County: Charlotte
Subdivision: Home Depot Comm L Park
Sq. Ft. Gross: 12,645
Sq. Ft. Living Area: 11,980
Cost per (heated) sqare foot: $476
Year built: 2006
Annual Tax: $31,400
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Block
Foundation: Slab
Floors Total: 1
Floors in Unit:
Cooling: Central Air
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Lot Information
Lot Size (acres): 1.4
Lot Size (sq. ft.): 61,150 square feet
Road Frontage: Divided Highway
Legal Description & Other Information
Parcel Number: 402208127002
Zoning: IG
Tax Legal Desc.: HDP 000 0000 0002 HOME DEPOT COMM L PARK LT 2 1.4038 AC. M/L 2239/1288 RES2461/1642 2492/1715 4937/1921 3366212
Section: 8
Range: 22E
Listing courtesy of CORR COMMERCIAL ADVISORS LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.