Log In/Sign Up
Your email has been sent.
Price Reduced | Bring All Offers By Year-End 2961 Placida Rd 13,385 SF 100% Leased Retail Building Englewood, FL 34224 $1,999,999 ($149.42/SF) 7.68% Cap Rate
INVESTMENT HIGHLIGHTS
- PRICE DRASTICALLY REDUCED! OWNER MUST SELL BEFORE YEAR-END | BRING ALL OFFERS
- EXCELLENT EXPOSURE: Highly sought-after corner location on Placida Road provides high visibility and exposure
- VALUE-ADD OPPORTUNITY: Below market rents currently in-place with some long-term tenants, offering potential upside for investors
- HIGH TRAFFIC COUNTS: The center fronts one of the most heavily traveled corridors, just minutes from the water
EXECUTIVE SUMMARY
This fully leased, multi-tenant retail strip center is located at a signalized, high-traffic intersection at Placida Road and San Casa Drive in Charlotte County. This offering represents an excellent investment opportunity with value-add potential, as several rents are currently below market. The center is situated in a well-traveled corridor near the water and consists of a single building with seven tenants on approximately 1.22 acres. The site sits on higher ground and did not experience flooding during recent storms. It also features a diverse tenant mix, with many long-term leases in place.
Ownership has recently made a substantial investment in improvements, including:
·Exterior repainting
·New pylon sign
·New illuminated tenant signage above each unit
·New light fixtures installed at the rear entrances of all units
·New HVAC units in several tenant-occupied spaces
·Restriping of the parking lot and installation of new parking curbs
·Resurfacing of the front sidewalk
Ownership has recently made a substantial investment in improvements, including:
·Exterior repainting
·New pylon sign
·New illuminated tenant signage above each unit
·New light fixtures installed at the rear entrances of all units
·New HVAC units in several tenant-occupied spaces
·Restriping of the parking lot and installation of new parking curbs
·Resurfacing of the front sidewalk
DATA ROOM Click Here to Access
- Operating and Financials
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
Storefront
Building Size
13,385 SF
Building Class
C
Year Built
1993
Price
$1,999,999
Price Per SF
$149.42
Cap Rate
7.68%
NOI
$153,510
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.25
Lot Size
1.22 AC
Opportunity Zone
Yes
Zoning
CG - Commercial General
Parking
58 Spaces (4.33 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 412017277001 | Total Assessment | $1,549,247 (2025) |
| Land Assessment | $604,380 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $944,867 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
412017277001
Land Assessment
$604,380 (2025)
Improvements Assessment
$944,867 (2025)
Total Assessment
$1,549,247 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Price Reduced | Bring All Offers By Year-End | 2961 Placida Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.