0.35 Acres (15,120sf) Land - 126' Fronting on N US/41 Tamiami Trail - Zoned CC City Center which provides for Zero Lot Line, Build to height 50ft above BFE, Build up to 50,000sf, Minimal Parking spaces required, 200ft from 400 car Free Public Parking Garage, additional Rear Alley access, Value is in the Land not the existing leases which expire Summer 2018, 8" Gravity sewer in rear alley, 12 Water supply in Marion Ave. $54,600/yr Gross $8,000 Net expenses $46,600 NOI 5.5% cap rate.
This property is the center of the Retail, Restaurant, Business and Entertainment establishments for the Punta Gorda Community. A high Average Annual Daily Traffic count of 27,000
Located on N Tamiami Trail/US-41 in downtown Punta Gorda on the east side between E Olympia Ave & E Marion Ave. with a 27,000 AADT Traffic Count. ***BROCHURE ATTACHED***