Property profile

24123 Peachland Blvd Punta Gorda, FL 33954

FOR LEASE
Strip malls
Property ID
US18-0559456
83,180 SF 9.31 ac lot Built 1991
Individually Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Peachland Promenade, a Class A, Publix-anchored neighborhood center, presents a compelling investment opportunity in Port Charlotte, Florida. This 98,467 square foot retail property, built in 1991, boasts a prime location at the intersection of Peachland Boulevard and Hillsborough Boulevard, offering excellent visibility and accessibility. The center features a convenient parking ratio of 4.26 spaces per 1,000 square feet, ensuring ample parking for customers and tenants. Currently, there are multiple spaces available, with a minimum divisible space of 1,080 square feet and a maximum contiguous space of 2,700 square feet; a total of 5,220 square feet is currently vacant. The property sits on a 9.31-acre lot and is zoned PD (Charlotte County). This freestanding building offers a unique opportunity for businesses seeking high-traffic exposure in a thriving community. The property's location just west of I-75 provides easy access for customers throughout the region. The center's strong anchor tenant, Publix, further enhances its appeal and draws significant foot traffic. This is an exceptional opportunity to establish or expand your business in a well-established and highly visible retail center. The property is situated on the southwest corner of Veterans Boulevard and Kings Highway.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Total area 83,180 SF
Lot 9.31 ac (405,387 SF)
Zoning code PD PLANNED DEVELOPMENT
APN 40-23-07-101-006
UPID US18-0559456

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Restaurant
  • Restaurant
  • Courier Service Postal Service
  • Environmental Consultant

Location

24123 Peachland Blvd Punta Gorda, FL 33954
Punta Gorda metro Census 20104 PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.70M

Owner & transaction history

since 2009
6 recorded transactions
2010
Price N/A
2009
$8.7M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PD PLANNED DEVELOPMENT · Port Charlotte, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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