2395 Tamiami Trail Unit 204
Port Charlotte, FL
Retail for Sale - $250,000
Property Info
| CIMLS# | 1058816 |
| Location 2395 Tamiami Trail Unit 204 Port Charlotte FL 33952 | |
| Updated | October 1st, 2019 |
| Type | Retail |
| Price | $250,000 |
Property Description
Investment property that comes with restaurant equipment. Tenant is Le Lambi, a restaurant.
In Bell Plaza which consists of two phases. Phase One has 10 units and Phase Two has 10 units equaling 20 total units in the plaza. Both phases are managed under one condominium association.
The lease expires September 7, 2023. The current net yearly income is $15,271.32. The cap rate is 6.11%.
Four years remain on lease, with 5% lease rate bumps every year.
AADT (2018): 51,000.
