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Gelfand Realty Miami Properties for Sale - Commercial for Sale

19700 COCHRAN, PORT CHARLOTTE, FL 33948

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Commercial - HOME DEPOT COMM L PARK for Sale

19700 COCHRAN, PORT CHARLOTTE, FL 33948

Asking Price$5,250,000 Change Price$450,000

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  • Days on market:

    145 day(s)
  • Original Price:

    $5,700,000
  • Price per sqft:

    $438.23
  • Tax Legal Description:

    HDP 000 0000 0002 HOME DEPOT COMM L PARK LT 2 1.4038 AC. M/L 2239/1288 RES2461/1642 2492/1715 4937/1921 3366212
  • Tax Year:

    2024
  • Property Type:

    Commercial
  • Construction Type:

    Block
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None

Description

$5,250,000 • living size area 11980 sqft

Price reduction!! this approximately 12,000 sf medical/office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. this prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. the majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/sf with annual escalations. a substantial renovation costing nearly $2 million has been completed on the main section of the building. this renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal. located conveniently on cochran boulevard, at the hard corner of peachland and cochran boulevard, this property offers maximum exposure and easy access. this strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.
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