3315 Hbr Blvd Ste F Port Charlotte, FL 33952-8047

Property Details for 3315 Hbr Blvd Ste F

Year built

1959

Construction

CONCRETE BLOCKS

Lot size

0.18 lot acres

Property size

3,520 SF

Zone code

CG COMMERCIAL-GENERAL

Property type

Retail space

APN

40-22-22-257-003

APU

402222257003

Description

This 4,204 square foot shopping center in Port Charlotte, Florida, presents a compelling value-add investment opportunity. Located on Harbor Blvd, this single-story, 1959-built property boasts a 100% occupancy rate with five tenants, including a Subway franchise. The property features 18 parking spaces and sits on a lot that includes a vacant buildable lot behind the main structure. Currently generating a NOI of $58,807, with a pro-forma NOI of $76,903, this property offers a 4.90% cap rate and a pro-forma cap rate of 6.41%. The asking price is $1,199,000, translating to $285.20 per square foot. The property is zoned CG and benefits from a strong tenant mix, with leases structured on a gross basis and including 3% annual rent bumps. The strategic location on a busy thoroughfare ensures high visibility and accessibility, while the current below-market lease rates provide significant upside potential for increased revenue. This well-maintained property offers a blend of stability and growth potential, making it an attractive investment in a thriving commercial district.