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403 Sullivan Street, Punta Gorda, FL

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403 Sullivan Street

Punta Gorda, FL 33950 - Charlotte County Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:-
Building Size:6,401 SF Land Area:.22 AC (9,474 SF)
For Sale Price:$1,550,000 Price/SF:$242.15
Cap Rate:5.00 %
Parking:Free Surface spaces are available; Ratio of 1.37/1,000 SF

Sale Notes:
Confidentially agreement required.
Four (4) long term retail tenants occupy the ground floor.
Currently owner occupies 2500 sq. ft. penthouse on upper floor. This may be rented for approx. $3,000 a month or occupied by the new owner.
Leases are currently Gross. By converting them to market rent & NNN the CAP rate moves close to 7.

CENTURY 21 - Aztec & Associates
Ray Brunner
(941) 629-3188

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