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525 E Olympia Ave 10,000 SF 100% Leased Retail Building Punta Gorda, FL 33950 $2,699,000 ($269.90/SF) 5.63% Cap Rate
Executive Summary
Buyer user opportunity to invest. Use 2000sf for your business and collect rent on the 80% occupied property in the heart of Punta Gorda close to the Hospital, perfect for medical use. 10,000sf building divided into ten 1,000sf per unit which makes it easy to rent it in the future. Concrete block building, new roof in 2023 with (20year transferable warranty), all new 2022 HVAC units (5year warranty). Completely remodeled in 2024 with new flooring, new doors, new bathrooms and more. OWNER FINANCING available for the qualified buyer with 30% down.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
B
Year Built
1975
Price
$2,699,000
Price Per SF
$269.90
Cap Rate
5.63%
NOI
$151,954
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.75 AC
Zoning
NC - Neighborhood Center District Mixed Use
Amenities
- Freeway Visibility
- Signage
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 412306427003 | Improvements Assessment | $1,335,136 |
| Land Assessment | $250,614 | Total Assessment | $1,585,750 |
Property Taxes
Parcel Number
412306427003
Land Assessment
$250,614
Improvements Assessment
$1,335,136
Total Assessment
$1,585,750
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525 E Olympia Ave