Port Charlotte, FL 33948,19700 COCHRAN BLVD
Port Charlotte, FL 33948,19700 COCHRAN BLVD
Port Charlotte, FL 33948,19700 COCHRAN BLVD
Port Charlotte, FL 33948,19700 COCHRAN BLVD
Port Charlotte, FL 33948,19700 COCHRAN BLVD
Port Charlotte, FL 33948,19700 COCHRAN BLVD
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$ 5,700,000
Est. payment | /mo

11,980 SqFt


$ 5,700,000
Est. payment | /mo

11,980 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 11,980 sqft

Price per Sqft $475

Subdivision Home Depot Comm L Park

MLS Listing ID C7508429

HOA Y/N No

Originating Board Stellar MLS

Year Built 2006

Annual Tax Amount $31,400

Lot Size 1.400 Acres

Acres 1.4

Property Sub-Type Office

Property Description

This approximately 12,000 SF Medical/Office building has undergone a complete remodeling and is now fully leased with tenants from the medical, real estate, and financial sectors. This prime investment property is offered with new leases at higher than market rents and is trading at nearly a 7% cap rate. The majority of the building will be occupied by the seller under a ten-year lease agreement at $35.00/SF with annual escalations. A substantial renovation costing nearly $2 million has been completed on the main section of the building. This renovated space will now house a primary care medical practice and an urgent care facility, enhancing the building's value and appeal.
Located conveniently on Cochran Boulevard, at the hard corner of Peachland and Cochran Boulevard, this property offers maximum exposure and easy access. This strategic location is ideal for attracting both foot traffic and patients who require urgent and primary care services.

Location

State FL

County Charlotte

Community Home Depot Comm L Park

Area 33948 - Port Charlotte

Zoning IG

Interior

Cooling Central Air

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Structure Type Block

New Construction false

Others

Ownership Other

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7508429

Stellar MLS
Listed by CORR COMMERCIAL ADVISORS LLC
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19700 COCHRAN BLVD