525 E Olympia Ave Punta Gorda, FL 33950

Property Details for 525 E Olympia Ave

Year built

1975

Lot size

0.75 lot acres

Property size

10,056 SF

Property type

Medical offices

Description

This 10,056-square-foot medical office building, located at 525 E Olympia Ave in Punta Gorda, Florida, presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2020, the Class B property offers multiple tenancy options with a minimum divisible space of 1,000 square feet and currently has 1,000 square feet of vacant space available. The building sits on a 0.75-acre lot and boasts 46 parking spaces, a significant advantage in this high-demand area. Recent upgrades include a new roof, new two-ton AC units, updated electrical panel, and new plumbing. Suite 4 features large front windows, enhancing its appeal. The property is zoned NC Neighborhood Center District Mixed Use, allowing for flexibility. Its prime location, just one block from Bayfront Hospital Punta Gorda, and on a main road leading to I-75, ensures high visibility and accessibility. The surrounding area is densely populated, with 65,000 households within a five-mile radius and an average annual household income of $73,000. This presents a strong potential for attracting a diverse range of medical and retail tenants. The property's size and features make it ideal for a variety of uses, offering significant potential for return on investment. Contact for lease terms.