Office Space
1107 West Marion Avenue Punta Gorda, FL 33950
Details & Description
Price: $2,600,000
    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 ID:    273843
    Property URL: melqr.com/273843
    Generated:    04-29-24
    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.
    Office Space / Florida / Punta Gorda / 33950 / 1107 West Marion Avenue

    1107 West Marion Avenue

    Punta Gorda, FL 33950

    Listing ID: 273843
    Print Single-Page Version
    • 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
    Building Size: 19,757 SF
    Lot Size: 2.020 AC
    Land Size: 87,991 SF
    Building $/SF: $131.60
    Land $/SF: $29.55
    Price
    $2,600,000
    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
    lease-brochure-Zlj-193.pdf
    sale-brochure-VNj-4Ww.pdf

    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.
     
    Cape Coral History of Office Space for Sale

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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.

    Common Questions and Answers

    What is the asking price for 1107 West Marion Avenue in Punta Gorda?
    The asking price for 1107 West Marion Avenue is $2,600,000
    What is the building size of this Office property in Punta Gorda, FL?
    The size of the building/unit at 1107 West Marion Avenue in Punta Gorda is 19,757 square feet
    How much land does the Punta Gorda, FL property at 1107 West Marion Avenue include?
    1107 West Marion Avenue in Punta Gorda includes 2.020 acres of land
    What kind of Office is the propery at 1107 West Marion Avenue?
    The property at 1107 West Marion Avenue Punta Gorda, FL 33950 is listed as a Professional Office property
    What is the population within 1 mile of 1107 West Marion Avenue in Punta Gorda?
    The population within 1 mile of 1107 West Marion Avenue Punta Gorda, FL 33950 is 7,604 people.
    Who do I contact for questions about 1107 West Marion Avenue?
    You should contact the listing agent, Jim Quinn, for any details regarding this commercial listing.

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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
    Price
    $2,600,000
    Listing Agent
    Jim Quinn - CRE Agent at KW Commercial

    Jim Quinn

    KW Commercial

    VIEW AGENT PROFILE

    CONTACT AGENT

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