This property is Off-Market

4410 Duncan Road
Punta Gorda, FL 33950 ·

13 Rooms · Hotel & Motel For Sale

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The Albany Terrace Village Apartments with Home.

Price N/A Property Use Type Business For Sale
No. Rooms 13 Commission Split 3%
Building Size 9,080 SF No. Stories 1
Property Type Hotel & Motel Year Built 1948
Property Sub-type Economy/Limited Service Lot Size 2.56 AC
Listing ID: 16033803 Date Created: 12/19/2008 Last Updated: 08/03/2009

Description

* Tremendous potential in this property. This is a 2.56 ac. former motel now apartments for rent. Includes office bldg. and home location on northbound Duncan Road/US-17. 2.5 miles from I-75 Exit #164. 4.5 miles from downtown Punta Gorda.
* There are 13 rooms/units, a 3 room-one bath office, laundry and a 2000 sqft. home with associated outbuildings. Rooms are rented by the week. Rental rate per week will vary. If the apartments were operated by owner/operators then the rental income would return a high cap rate based on the present asking price. The owner is currrently not the operator.
* The property offers large open areas for future development. One such location is on US-17 and another is behind the former motel.
* Traffic count is 14,419 vehicles a day. City water. 3 Septic tanks. 337 ft of US-17 road frontage.
* The zoning is Commercial General & permits restaurants, motels, retail, shops, clubs, auto specialty and parts services, professional, business and personal services, labs, banks, schools & churches.

The 2.56 acres with home and apartments (a former motel) are rented weekly or longer. The office building and home is situated on the north bound of 4 lane US-17 or Duncan Road. From Punta Gorda head north and east on US-17 toward Arcadia through and under Interstate 75, Exit #164 and proceed 2.5 miles to The Albany Terrace Village Apartments on the right hand side or south side of just before the Royal Thai Restaurant and the intersection of US-17 with Washington Loop Road intersection (CR-764).

Highlights

  • Large area on roadfront for expansion of motel, offices or commercial building/s.
  • Large area in rear ideal for offices or storage area.
  • 2.11 Acres with 337 ft of roadfront on 4 lane US-17 with road cut in front of property.
  • High traffic volume of 14,419 vehicles per day.
  • Many varied uses permitted under Commercial General zoning.

Research

4410 Duncan Road, Punta Gorda, FL 33950 (Charlotte County)

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