121 E Marion Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
121 E Marion Ave
14,066 SF 87% Leased Office Building Punta Gorda, FL 33950 $3,200,000 ($227/SF) 6.79% Cap Rate
Investment Highlights
- AS OF 11/2024, NEW ROOF, NEW A/C UNITS, UP TO CODE, FULLY RENOVATED UNITS, NEW ELECTRICAL, NEW FLOORING, AND MORE.
- VALUE-ADD OPPORTUNITY
- TAX CREDITS FOR HISTORIC BUILDINGS. Property is listed on the National Register of Historic Places. See Page 15 in the OM for more information.
- Great opportunity for an owner user to have retail frontage along Marion Ave!
- Surface parking ample street parking available - 36 spaces
- Situated in the heart of downtown Punta Gorda, walking distance to shopping, dining, entertainment, and the Punta Gorda waterfront.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
14,066 SF
Building Class
B
Year Built/Renovated
1926/2024
Price
$3,200,000
Price Per SF
$227
Cap Rate
6.79%
NOI
$217,260
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,066 SF
Building FAR
0.40
Lot Size
0.82 AC
Zoning
CC- City Center
Parking
30 Spaces (2.13 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 of 1
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 412306331005 | Total Assessment | $1,257,311 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
412306331005
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$1,257,311 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
121 E Marion Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.