1757 San Marco Rd
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1757 San Marco Rd
11,160 SF 100% Leased Retail Building Marco Island, FL 34145 $3,950,000 ($354/SF) 4.50% Cap Rate
Investment Highlights
- corner with 350 ft roadfront
- across from Walgreens, Chase Bank, Publix grocery anchored & owned center
- signal intersection
Executive Summary
Prime corner for long term hold with interim income and future redevelopment opportunity. 350 ft of road front on 1 acre corner at traffic light intersection across from Publix grocery (owned) center, Chase bank outparcel, Walgreens. Real estate only; does NOT include C store business. Current leases run up to 10 years, most are less than 5 so some near term upside. Multitenant. Site has gas tanks which are newer and compliant.
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- Miscellaneous
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,160 SF
Year Built
1980
Price
$3,950,000
Price Per SF
$354
Cap Rate
4.50%
NOI
$177,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
1.00 AC
Zoning
C3 - moderate intensity general commerical uses
Parking
36 Spaces (3.23 Spaces per 1,000 SF Leased)
Frontage
350 FT on San Marco South Barfield
Amenities
- Corner Lot
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
PROPERTY TAXES
| Parcel Number | 57190880002 | Improvements Assessment | $924,830 |
| Land Assessment | $817,180 | Total Assessment | $1,742,010 |
PROPERTY TAXES
Parcel Number
57190880002
Land Assessment
$817,180
Improvements Assessment
$924,830
Total Assessment
$1,742,010
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Horizons & Ventures, Inc
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1757 San Marco Rd
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