2961 Placida Rd - Storefront FOR SALE


Englewood, FL 34224
$2,585,000 USD
239-777-6280
2961 Placida Rd, Englewood, FL for Sale
$2,585,000 USD
Storefront - FOR SALE
1/9
null | 5.94% Cap Rate

2961 Placida Rd
Englewood, FL 34224


OVERVIEW

Lee & Associates I Naples-Fort Myers is pleased to present the exclusive sale listing at 2961 Placida Road in Englewood, Florida. The site is a fully leased, multi-tenant, retail strip center. The center sits at a critical well-traveled intersection with a stoplight at Placida and San Casa in Charlotte County. This offering is an excellent opportunity for an investment buy; perfect for the right investor looking for upside with rents being below market in a high traffic corridor near the water. The property consists of one building with 11 units nd 8 tenants. It was updated in 2023-2024 Building Painted New doors on some of the units New lights and fixtures in front and back the parking lot was redone with new parking curbs and resurfaced sidewalk. JUST FINISHED - New Pylon sign and lighted signage on the building for each tenant The property is zoned Commercial General or CG and sits on approximately 1.22 acres of land. The site did not flood, sits on higher ground and has a good tenant mix. Many of which have long term leases that increase in rent bringing your CAP rate well over 6 for a projected NOI.

FOR SALE DETAILS

PRICE

$2,585,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

5.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Casa Square

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

CG

APN/PARCEL ID

412017277001

ASK ABOUT THIS PROPERTY

Michael MahanLee & AssociatesMore Info
239-777-6280

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Michael MahanLee & AssociatesMore Info
239-777-6280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.