Punta Gorda Retail Investment
29291 TRIBUNE BOULEVARD, Punta Gorda, FL 33955
Retail - PUNTA GORDA, FL
Type:Retail
Property size:
7,808 SFLot size:
1.14 AcresPrice / SF:
$249/SF- Added:
- Sep 23, 2025
- Days on Market:
- 236
- Last Refresh:
- May 16 at 3:06 am
Property Features for 29291 TRIBUNE BOULEVARD
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- CG
- Standard status
- Active
- APN
- 422302153001
- Size
- 7,808 SF
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 15420.66
Utilities
- Cooling system
- Zoned
Building Details
- Year built
- 2008
- Building materials
- Block
- Architectural style
- Other
Listing agent Joanne Fultz License #3449480 (937) 232-3070
Listing office REALTY ONE GROUP MVP 1495 Pine Ridge Rd. Suite #1, Tampa, FL (800) 896-8790
Listing date Sep 23, 2025
MLS# TB8430803
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the rapidly growing Punta Gorda Airport District with high visibility and accessibility.
- Versatile Commercial General zoning allows for a wide range of retail, office, service, and other business types.
- Cash‑flowing investment opportunity with half the building currently leased and half available for owner use or lease.
- Strategic location minutes from I‑75, U.S. 41, and Punta Gorda Airport.
- Upgraded building on 1.14 acres with strong infrastructure and a modern layout.
- High traffic count (20K+) ensures excellent exposure for businesses.
Overview
Located in the heart of the Punta Gorda Airport District, this property offers visibility and accessibility on 1.14 acres. The upgraded building is a versatile property suited for retail, office, or service-oriented businesses. Zoned Commercial General (CG), the property allows for various uses, including retail and consumer services such as shopping centers, furniture stores, pharmacies, and convenience stores. Restaurant and entertainment options are also permitted, including full-service and fast-food restaurants, bars, and nightclubs. Service-oriented businesses like medical and dental offices, veterinary clinics, beauty salons, and professional offices such as real estate, law, and accounting services are also viable. Hospitality and recreation uses include hotels, fitness centers, and dance studios. Automotive-related businesses such as car washes and repair shops are permitted, as are flex options like banks, child care centers, and churches. The property is strategically located minutes from I-75, U.S. 41, and Punta Gorda Airport. The property is half leased and half available, providing immediate income potential. The location near the Punta Gorda Airport, I-75, and major residential growth areas increases demand for retail, services, and office space.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.54M
NOI $138,896 @ 9.00% cap · cautious / downside scenario
Moderate
$1.98M
NOI $138,896 @ 7.00% cap · market / base-case scenario
Aggressive
$2.78M
NOI $138,896 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.2k | $26.28 |
| − Vacancy | −$6.8k | −$0.87 |
| EGI | $198.4k | $25.41 |
| − OpEx | −$59.5k | −$7.62 |
| NOI | $138.9k | $17.79 |
7,808 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.98M
$1.74M – $2.31M
NOI $138,896 @ 7.0% cap · market cap 7.12%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,638 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,959 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Broadstar
Television Studio
Karen Cloutier Allstate
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -81.9857507
- Latitude
- 26.853366
Nearby Similar for Sale
FAQs
What type of property is this?
Retail property - Versatile commercial property in a high-growth area near Punta Gorda Airport.
Where is this retail property located?
The property is located at 29291 TRIBUNE BOULEVARD Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime location in the rapidly growing Punta Gorda Airport District with high visibility and accessibility.; Versatile Commercial General zoning allows for a wide range of retail, office, service, and other business types.; Cash‑flowing investment opportunity with half the building currently leased and half available for owner use or lease.
