5218 Duncan Rd, Unit B Punta Gorda, FL 33982-7100

Property Details for 5218 Duncan Rd

Year built

1975

Construction

METAL FRAME

Lot size

0.52 lot acres

Property size

6,000 SF

Zone code

CG COMMERCIAL-GENERAL

Property type

Automotive properties

APN

40-23-35-154-001

APU

402335154001

Description

This exceptional investment opportunity presents two well-maintained, 3,050 square foot buildings situated on a 0.52-acre lot at 5218 Duncan Rd, Punta Gorda, FL 33982. Currently boasting 100% occupancy with a retail store (Woody's Pawn Shop) and an auto repair business (Bulldawg Customs) as tenants under a gross lease, this property offers a compelling return. The buildings, constructed in 1975 and extensively renovated in 2023, feature a brand-new roof and benefit from a prime location on Duncan Road (Hwy 17), ensuring high visibility and traffic volume. The property is zoned CG, outside city limits, eliminating city taxes, and enjoys city water access. With a total of 6,150 square feet of net rentable space, the asking price is $1,200,000, representing a price per square foot of $433 and a 5.18% cap rate. The current lease terms are one-year leases with one year remaining. This is a rare opportunity to acquire a commercially zoned property with established tenants and strong potential for future growth, conveniently located near Punta Gorda and I-75. The property features two buildings, each one story, and includes two units. The APN is 402335154001.