Commercial Sale Property - Mixed Use in Punta Gorda
Listing Price: $5,550,000
Description of Property
Investment opportunity to acquire Sandhill Commons, a well-maintained multi-tenant commercial center featuring 18 fully leased units across three buildings. Offered at a 6.5 CAP rate, this 100 occupied property provides immediate, stable cash flow with significant upside potential as below-market leases mature and renew. Recent capital improvements include roof replacements, updated HVAC systems, parking lot resurfacing, and other property enhancements, minimizing near-term capital expenditures. Ideally located on Sandhill Boulevard in the heart of Port Charlotte, the property offers excellent visibility, strong tenant occupancy, and convenient access to US-41, Kings Highway, and I-75. Whether you're completing a 1031 exchange or expanding your investment portfolio, Sandhill Commons represents a turnkey, income-producing asset with long-term appreciation potential. All information comes from users and sources that are believed to be reliable, but should be verified for accuracy. Subject to errors and omissions.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Punta Gorda
County: Charlotte
Subdivision: Sandhill Crossings
Sq. Ft. Gross: 27,391
Sq. Ft. Living Area: 24,507
Cost per (heated) sqare foot: $226
Total Units: 18
Year built: 2005
Annual Tax: $58,028
Condo Fee: $1,200 Annual
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Waterfront Info
Exterior & Construction
Construction: Block
Foundation: Slab
Roof: Membrane
Parking Features: Shared Parking
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric: Separate Meters
Security Features: Security Lights
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Street Lights
Lot Size (acres): 3.72
Lot Size (sq. ft.): 162,138 square feet
Road Frontage: City Street
Legal Description & Other Information
Parcel Number: 402306428003
Zoning: PD
Tax Legal Desc.: SCR 000 0000 0002 SANDHILL CROSSINGS LT 2 2434/901 RES2816/254 E3607/559 4471/754 SCR 000 0000 0003 SANDHILL CROSSINGS LT 3 2434/901 RES2816/254 E3607/559 4471/754
Section: 6
Range: 23E
Listing courtesy of KW PEACE RIVER PARTNERS. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.