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Gelfand Realty Miami Properties - Multi Family

201 & 209 W OLYMPIA AVE, PUNTA GORDA, FL 33950

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Multi Family -

201 & 209 W OLYMPIA AVE, PUNTA GORDA, FL 33950

Sold Price$750,000 Asking Price$810,000

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  • Days on market:

    418 day(s)
  • Original Price:

    $875,000
  • Tax Legal Description:

    PID: 412306381002 PUG 000 0044 0016 PUNTA GORDA BLK 44 THE NE/LY 43 FT LT 16 & A 7 FT X 43 FT STRIP IN NE COR OF LT 15 275/526 564/1331 DC 1235/1204 (PEM) 1238/1419PID: 412306381008 PUG 000 0044 0001 PUNTA GORDA BLK 44 LT 1 143/680 480/383 620/655 732/208 DC1235/1204 (PEM) 1238/1419 1328/1462 4241/924
  • Tax Year:

    2019
  • Property Type:

    Multi Family
  • Lease Term Remaining:

    12 Months
  • Construction Type:

    BrickWood Frame Siding
  • Roof:

    Shingle
  • Cooling Description:

    Central Air Mini-Split Unit(s)
  • Special Listing Conditions:

    None
  • Lot Features:

    Central Business District Corner Lot

Description

$810,000

Punta gorda downtown location provides a great walkability for intended users. zoned cc city center allowing for mixed use, this is a phenomenal location to run a business with a built in revenue stream of $2600 a month provided by 4 occupied apartments on the 2nd floor. in addition, there are 2 full bathrooms shared by the tenants and a balcony extending the length of the building providing a great view of the farmers market on saturdays and other local events. previous use of 1st floor was for a restaurant. hood system in kitchen and 3 compartment commercial sink is still in place and will remain with purchase. space could easily be made back into a restaurant or converted to meet other business needs. the purchase will include the adjacent parcel allowing for parking on site or the opportunity to build another structure. check with city for building opportunities and requirements. location has 184 ft of road frontage and an annual average daily traffic (aadt) of 11,000 vehicles per day (fdot 2018). property is also in relatively close proximity to i75 and the punta gorda airport. the downstairs area is now available to lease at $20 psf modified gross! all information comes from users and sources that are believed to be reliable, but should be verified for accuracy. subject to errors and omissions

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