Freestanding Commercial Building with
2421-2423 Tamiami Trail Port Charlotte, FL 33903
2421-2423 Tamiami Trail, Port Charlotte, FL, 33903
Contact for pricing
For Sale
Contact for pricing
Freestanding commercial building with US-41 frontage and adjacent vacant CG-zoned land in Flood Zone X.
Property Size5,145 SF
Lot Size1.10 Acres
Price / SF$379.01
Days on Market86
Property Features for 2421-2423 Tamiami Trail
General Information
- Standard status
- Active
- Size
- 5,145 SF
- Lot size
- 1.10 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1962
Listing agency
Michael Saunders & Company Sarasota
(863) 202-0439
Listed by
River West · License #FL SL3419267
Source
Crexi
Added: Apr 28 Updated: Jul 20 at 9:33PM Checked: Jul 21 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Saunders & Company Sarasota
Investment Insights
Based on property information with market context.
This 1.1-acre Commercial General property includes a 5,145 SF freestanding building on approximately 0.36 acres, plus an additional approximately 0.74 acres of vacant CG-zoned land for expansion or redevelopment. The building is currently occupied by an event venue on a short-term lease, and the existing condo association may be collapsed by future ownership if desired. Structural upgrades include a refurbished metal roof and reinforced truss connections intended to improve wind resilience.
The site is positioned directly on US-41 frontage with reported 61,000 VPD and also provides secondary access to the signalized intersection at US-41 & Midway Blvd with reported 79,700 VPD. Located within Charlotte County’s Commercial Overlay District, the property supports a 1.2 Floor Area Ratio and an allowable building height of 60 feet. The property is in Flood Zone X.
The location is less than five miles from the rebranded Hilton Sunseeker Resort, recently acquired by Blackstone Real Estate.
The site is positioned directly on US-41 frontage with reported 61,000 VPD and also provides secondary access to the signalized intersection at US-41 & Midway Blvd with reported 79,700 VPD. Located within Charlotte County’s Commercial Overlay District, the property supports a 1.2 Floor Area Ratio and an allowable building height of 60 feet. The property is in Flood Zone X.
The location is less than five miles from the rebranded Hilton Sunseeker Resort, recently acquired by Blackstone Real Estate.
Key Highlights
- 1.1‑acre Commercial General site with direct US‑41 frontage (61,000 VPD) and secondary access to US‑41 & Midway Blvd (79,700 VPD)
- 5,145 SF freestanding commercial building (1962) on ±0.36 acres
- Additional ±0.74 acres of vacant CG‑zoned land for expansion or redevelopment
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.2k | $26.28 |
| − Vacancy | −$4.5k | −$0.87 |
| EGI | $130.7k | $25.41 |
| − OpEx | −$39.2k | −$7.62 |
| NOI | $91.5k | $17.79 |
5,145 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,524 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.97M
NOI $117,923 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Tulips Flower Shop — 2171 Tamiami Trl Unit #1, Port Charlotte, FL 33948
- Quince Florist & Flower Delivery Port Charlotte FL — 2150 us-41, port charlotte, fl 33948
- 1800flowers — 2171 Tamiami Trl, Port Charlotte, FL 33948
FAQs
What type of property is this?
Storefront property - Freestanding commercial building with US-41 frontage and adjacent vacant CG-zoned land in Flood Zone X.
Where is this storefront property located?
The property is located at 2421-2423 Tamiami Trail Port Charlotte, 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: 1.1‑acre Commercial General site with direct US‑41 frontage (61,000 VPD) and secondary access to US‑41 & Midway Blvd (79,700 VPD); 5,145 SF freestanding commercial building (1962) on ±0.36 acres; Additional ±0.74 acres of vacant CG‑zoned land for expansion or redevelopment
