671 Tamiami Trail, Port Charlotte, FL 33953

Transcription

1 Royal Crown Plaza 671 Tamiami Trail, Port Charlotte, FL Listing ID: Status: Active Property Type: Shopping Center For Sale (also listed as Vacant Land, Office) Retail Type: Community Center, Mixed Use Size: 13,226 SF Sale Price: $3,300,000 Unit Price: $ PSF Sale Terms: Cash to Seller Ceiling: 9 ft. Overview/Comments This property offers exception opportunities for a savvy investor. With 250 ft. of frontage on US 41, 279 ft. of depth, and 164 ft. of fronting on Franklin. The fact that the property goes through the block means the property not only has South Bound 41 access but also allows easy North Bound access from either the O'Donnell or the Stratford intersections. An ideal location for a hotel, restaurant or expanded shopping center provides the opportunity for double digit returns on your investment. Once Fuccillo opens the traffic should easily increase from the 50,000 cars daily to well over 60,000. The property backs up to the proposed Murdock village project as well, providing even more opportunity for the new owner. General Information Taxing Authority: Charlotte County Tax ID/APN: & 012 Retail Type: Community Center, Mixed Use, Neighborhood Center, Net Leased, Strip Center Zoning: CG,CG Property Use Type: Net Leased Investment (NNN) Building Name: Crown Royal Plaza More Information Online QR Code Scan this image with your mobile device: Gross Building Area: 13,226 SF Building/Unit Size (RSF): 13,226 SF Usable Size (USF): 11,900 SF Core Factor: 1.11% Land Area: 57,500 SF Sale Terms: Cash to Seller Cap Rate: 4.0% Area & Location Retail Clientele: Property Located Between: Property Visibility: Largest Nearby Street: General, Family, Business, Traveler, Tourist, Recreation, Toledo Blade Blvd. & Chamberlain Blvd. Excellent Toledo Blade Feet of Frontage: 250 Traffic/Vehicle Count: 50,000 Highway Access: Interstate 75 five minutes east Airports: Punta Gorda Airport 20 minutes south, Sarasota airport 20 minutes North. Site Description 250 feet of direct access frontage on US 41, clear visibility from both North and South bound lanes. The property goes through the block (279 ft deep) and has 164 ft. of frontage Franklin as well. This means that the North bound lanes can access and egress the property via either the O'Donnell or Stratford intersections. Located just 1 mile south of the new Mega KIA dealership. Once Fuccillo opens both the KIA dealer and the related businesses on his 80 acres the surrounding are is sure to develop as a major regional shopping and recreation destination. Area Description 134,000 people; 58,000 Households; $56,315 Average Income; 50,000 Cars daily. On busy US 41 just north of Toledo Blade Blvd. The already busy Murdock Circle shopping area is sure to expand North to your door bringing even more people to your door. Building Related Total Number of Buildings: 1 Number of Stories: 15 Typical SF / Floor: Property Condition: 9,000 SF Excellent Page 1

2 Year Built: 1989 Year Renovated: 2000 Roof Type: Flat Construction/Siding: Block Parking Ratio: 5.1 (per 1000 SF) Parking Type: Surface Total Parking Spaces: 60 Ceiling Height: 9 Loading Doors: 0 Loading Docks: 0 Passenger Elevators: 0 Freight Elevators: 0 Sprinklers: Heat Type: Electricity Heat Source: Air Conditioning: Internet Access: Interior Description: Clean & well maintained Parking Description Currently 60 Spaces provide ample parking. Two thirds of the property is unused/undeveloped providing almost limitless possibilities. Land Related Lot Frontage (Feet): 250 Lot Depth: 164 Water Service: Municipal Sewer Type: Land Ownership: Municipal Owned Zoning Description CG Intent. The purpose and intent of this district is to allow general commercial activity. (b) Permitted uses (P) and structures: (1) Animal hospital, boarding facility. (2) Art, dance, music, photo studio or gallery. (3) Assisted living facility or day care center, adult, six (6) or less. (See section , assisted living facility.) (4) Auditorium, convention center, performing arts center. (5) Bank, financial services. (6) Bar, cocktail lounge, nightclub, tavern. (7) Business services. (8) Clubhouse, community center. (9) Day care center, child. (10) Drug store, pharmacy. (11) Dry cleaner. (12) Elementary, middle, or high school. (13) Emergency services. (14) Essential services. (See section , essential services.) (15) Funeral homes, crematoria. (16) Gas station. (17) General offices. (18) General retail sales and services. (See section , accessory outdoor retail sales, display, and storage. (19) Government uses and facilities. (20) Homeless shelter. (21) Hospital. (22) Hotel, motel, inn. (23) Laundromat. (24) Liquor, package store. (25) Mass transit station. (26) Medical or dental office, clinic. (27) Mini-warehouses or storage facilities, but not bulk storage of flammable liquids. (28) Model home. (See section , model homes.) (29) Motor vehicle wash. (30) Nursing home. (31) Paid or public parking lot, garage, structure. (32) Park, public or not-for-profit. (33) Personal services. (34) Place of worship. (See section , places of worship.) (35) Post office. (36) Printing facilities. (37) Private club. (38) Professional services. (39) Recreation, indoor. (40) Recreation, outdoor. (41) Restaurant. Legal Description PORT CHARLOTTE SEC 35 BLK 1271 LTS / /1435 & /2057 RE991/ /327 RES1931/1278 PCH PORT CHARLOTTE SEC 35 BLK 1271 LT 9 397/ / RE RE991/ /327 PCH PORT CHARLOTTE SEC 35 BLK 1271 LT / /31 UNREC DEED 1200/1575 Financials Finance Data Year: 2015 Real Estate Taxes - Annual($): $12,103 (Annual) Assessed Value - Total($): $534,967 (Annual) Potential Rental Income: $216,000 (Annual) Net Operating Income: Gross Operating Income: Actual or Proforma Year: Lender Name: $115,977 (Annual) $144,440 (Annual) Actual N/A Tenant Business Name: Anderson & davis Real rstate Real Estate and Rental and Leasing Suite Number: 1 Tenant Business Name: Javi's Barber Shop Services Suite Number: 2 Tenant Business Name: Smokey Phantom Hookah Lounge Suite Number: 3 $14,400 PSF (Annual) Lease Expiration: 7/0031 Rent = base rent $ and 8.3% share of Real Property Tax Base Rent $ per month plus 8.3% of Real Property Tax Lease Expiration: 7/0031 Tenant Business Name: My Nail Salon Services Suite Number: 4 Page 2

3 Lease Expiration: 5/0031 Options: Tenant Business Name: Finly Insurance Co. Finance and Insurance Suite Number: 5 Tenant Business Name: Salty Dog designs Inc. Suite Number: 6 Tenant Business Name: Paw Bright Pet Salon Suite Number: 7 Tenant Business Name: Druthers Emporium Suite Number: 8 Tenant Business Name: Banquet Hall Accommodation and Food Services Suite Number: 9 & 10 SF of Space Occupied: 2,000 SF $12,600 PSF (Annual) Base rent $ plus 8.3% of Real Property Tax $14,400 PSF (Annual) Lease Expiration: 10/2016 Base rent $ plus 8.3% of Real Property Tax Lease Expiration: 1/2017 $30,000 PSF (Annual) Lease Expiration: 10/0016 Base rent $ plus 16.6% of Real Property Tax Tenant Business Name: RSRM Inc. Real Estate and Rental and Leasing Suite Number: 200 Location Address: 671 Tamiami Trail, Port Charlotte, FL County: Charlotte MSA: Punta Gorda SF of Space Occupied: 2,000 SF $20,000 PSF (Annual) This is currently used as landlords office. Page 3

4 Property Images KIA is just 1 mile north Florida Land for sale. Easy North South Transition at Intersection Even during 2007 and 2008 The rear access makes access and egress simple and safe. Two crossovers provide exceptional North & South bound access Page 4

5 Over 50,000 cars daily at your front door, & that's before KIA opens! Meticulously maintained Tamiami Trail Property Contacts Ray Brunner CENTURY 21 AZTEC & ASSOCIATES [M] [O] Page 5 Copyright My Florida Commercial Real Estate. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.