Office Space - For Sale
1107 West Marion Avenue Punta Gorda, FL 33950
Details & Description
Price: $2,600,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 2.020
  • Building Sq Ft 19,757
  • Building Price per Sq Ft $131.60
  • Land Sq Ft 87,991
  • Land Price per Sq Ft $29.55
  • NOI $144,413
  • CAP Rate % 5.55
NNN Investment Property located in beautiful Punta Gorda.The Cap rate with a 65% occupancy is 5.6%. Cap rate is just over 8% for full occupancy at market rates. Current occupancy of 65% is with 3 of the 5 units leased. NNN pass through & CAM is estimated to be $4.36. An appraisal of the property was just completed.This location is ideally situated in Punta Gorda and is within walking distance to Fisherman's Village for shopping and dining or to historic downtown filled with restaurants, shops and entertainment. Tourists and residents can grab a free bike from Fisherman's Village and enjoy the bike trails. Farmers Markets on both Saturdays and Sundays are within walking distance. The waterfront is a short walk away where amazing sunsets can be enjoyed! A walking/biking trail runs the length of the waterfront, winds through the town and by this property.Punta Gorda is on I-75 -midway between Sarasota and Naples on the Gulf Coast. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida.This Office/Retail building is located between W. Marion Ave and W Olympia Ave, across from Fisherman's Village and close to the Visual Arts Center.
Property Highlights
Listing Agents
Jim Quinn
KW Commercial
O: 941-875-9060
M: 941-457-1380
jquinn@kw.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1107 West Marion Avenue

Punta Gorda, FL 33950

Listing ID: 273843
$2,600,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 2.020
  • Building Sq Ft 19,757
  • Building Price per Sq Ft $131.60
  • Land Sq Ft 87,991
  • Land Price per Sq Ft $29.55
  • NOI $144,413
  • CAP Rate % 5.55
  • 1107 West Marion Avenue Punta Gorda, FL 33950 | for Sale | Photo 1
  • 1107 West Marion Avenue Punta Gorda, FL 33950 | for Sale | Photo 2
1107 West Marion Avenue | for Sale | Thumbnail 1
1107 West Marion Avenue | for Sale | Thumbnail 2
Property Highlights
 Investment Property in Punta Gorda
 Single Story - Multi Tenanted Property
 Over 40 Allegiant Air Flights out of the Punta Gorda Airport
 Pro-Forma Cap Rate of 8
Description

NNN Investment Property located in beautiful Punta Gorda.

The Cap rate with a 65% occupancy is 5.6%. Cap rate is just over 8% for full occupancy at market rates. Current occupancy of 65% is with 3 of the 5 units leased. NNN pass through & CAM is estimated to be $4.36. An appraisal of the property was just completed.

This location is ideally situated in Punta Gorda and is within walking distance to Fisherman's Village for shopping and dining or to historic downtown filled with restaurants, shops and entertainment. Tourists and residents can grab a free bike from Fisherman's Village and enjoy the bike trails. Farmers Markets on both Saturdays and Sundays are within walking distance. The waterfront is a short walk away where amazing sunsets can be enjoyed! A walking/biking trail runs the length of the waterfront, winds through the town and by this property.

Punta Gorda is on I-75 -midway between Sarasota and Naples on the Gulf Coast. Historic Punta Gorda features streets lined with huge royal palms, old Florida-era homes with wide verandas, cobblestone streets and a beautiful waterfront park along the historic district that lets you soak in the feeling of Old Florida.

This Office/Retail building is located between W. Marion Ave and W Olympia Ave, across from Fisherman's Village and close to the Visual Arts Center.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
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Punta Gorda Area Market Trends

Listing Demographics for 1107 West Marion Avenue Punta Gorda, FL 33950

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population7,60439,56878,521
Population Median Age575855
Population by Age0-9 Yrs480 (6%)2304 (5%)5076 (6%)
10-19 Yrs492 (6%)1913 (4%)4749 (6%)
20-29 Yrs407 (5%)2338 (5%)5384 (6%)
30-39 Yrs340 (4%)1609 (4%)4834 (6%)
40-49 Yrs448 (5%)2314 (5%)5889 (7%)
50-59 Yrs1023 (13%)5982 (15%)11074 (14%)
60-69 Yrs1666 (21%)8130 (20%)15323 (19%)
70+ Yrs2746 (36%)14979 (37%)26192 (33%)
Median HH Income$67,407$58,444$52,937
Total Household Income< 24K513 (14%)3684 (19%)7630 (21%)
25-49K751 (21%)4556 (23%)9474 (26%)
50-74K643 (18%)3261 (17%)6165 (17%)
75-99K595 (17%)2421 (12%)4200 (11%)
100-199K736 (21%)3541 (18%)6065 (16%)
200K+233 (6%)1675 (8%)2396 (6%)
Highest Education LevelNo Diploma27018895046
Diploma or GED1733853318978
Some College1432819016552
Assoc. Degree43725794752
Bachelors Degree1530793812782
Higher Degree95649067719
Total Housing Units4,99026,18147,843
--Owner-Occupied2,70714,81527,952
--Renter-Occupied7644,3227,978
Owner-Occupied Values< 100K15920215259
100-199K56825077122
200-299K57426785104
300-399K51422363467
400-499K47322322869
500K+41931404131
Total Working Age Population6,83436,19870,456
In Work Force2,57911,76925,621
Not In Work Force4,25524,42944,835
Workforce Employed2,42911,06923,989
Workforce Unemployed1506991,627
Civlian Workforce2,57911,76925,616
Military Workforce005
Total Households3,47119,13735,930
Family Households2,15811,70521,712
Non-Family Households1,3137,43214,219
Married Couple1,93410,23118,308
Other Family2241,4743,403
Married w/Child1157611,967
Single Male w/Child35188455
Single Female w/Child38488951

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Charlotte County141,627+13159,978+15183,728+12206,145
Sarasota County325,957+16379,448+14431,147+12484,314

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Closest Commercial Airports
Airport Distance (mi)
Southwest Florida International Airport (RSW) 33
Sarasota Bradenton International Airport (SRQ) 44
Tampa International Airport (TPA) 78
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