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111 W Olympia Ave 2,261 SF Retail Building Punta Gorda, FL 33950 $899,000 ($397.61/SF) 7.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Across from parking garage in Downtown Punta Gorda
- Well established restaurant
- Excellent appeal
EXECUTIVE SUMMARY
Restaurant Property for Sale – Prime Investment with Long-Term German Restaurant Tenant
An exceptional opportunity to acquire a high-performing restaurant property with a stable, long-term tenant operating a successful German restaurant. This
investment offers immediate rental income, a well-maintained commercial space, and a tenant with a strong local reputation and loyal customer base.
Property Highlights:
Type: Freestanding restaurant building
Size: Approximately 2,221 s.f. of interior space and an additional 456 s.f. of covered outdoor patio seating.
Location: High-visibility, high-traffic location in Downtown Punta Gorda, with excellent frontage and easy access
Tenant: Established German restaurant with a multi-year lease in place and a history of consistent operation and profitability
Rental Income: Strong, reliable cash flow
Interior Features: Fully built-out dining space, commercial-grade kitchen, bar area, restrooms, and storage
Exterior Features: Across from parking garage, outdoor dining , and attractive entry
The restaurant business is listed for sale under a seperate listing.
An exceptional opportunity to acquire a high-performing restaurant property with a stable, long-term tenant operating a successful German restaurant. This
investment offers immediate rental income, a well-maintained commercial space, and a tenant with a strong local reputation and loyal customer base.
Property Highlights:
Type: Freestanding restaurant building
Size: Approximately 2,221 s.f. of interior space and an additional 456 s.f. of covered outdoor patio seating.
Location: High-visibility, high-traffic location in Downtown Punta Gorda, with excellent frontage and easy access
Tenant: Established German restaurant with a multi-year lease in place and a history of consistent operation and profitability
Rental Income: Strong, reliable cash flow
Interior Features: Fully built-out dining space, commercial-grade kitchen, bar area, restrooms, and storage
Exterior Features: Across from parking garage, outdoor dining , and attractive entry
The restaurant business is listed for sale under a seperate listing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,261 SF
Building Class
C
Year Built/Renovated
1952/2006
Price
$899,000
Price Per SF
$397.61
Cap Rate
7.96%
NOI
$71,560
Tenancy
Single
Building Height
1 Story
Building FAR
0.58
Lot Size
0.09 AC
Zoning
TPG-DC
Frontage
28’ on W Olympia Ave
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 412306382003 | Total Assessment | $471,963 (2025) |
| Land Assessment | $86,063 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $385,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
412306382003
Land Assessment
$86,063 (2025)
Improvements Assessment
$385,900 (2025)
Total Assessment
$471,963 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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