Commercial Sale Property - Industrial in Punta Gorda
SOLD for $150,000 on November 30, 2023
Listing Price: $380,000Sold Price: $150,000Sold Price/List Price: 39%
Description of Property
This is the listing of a 16 2/3% interest in Row Hangar No. Two, LLC which owns a 21,600 square foot hangar building divided into 6 units. The building sits on a 1.72 acre site leased from the Charlotte County Airport Authority. According to the Restated Operating Agreement, each member is granted exclusive possession, use and occupancy of the unit designated in the agreement. In this case, owner has exclusive use of Hangar Unit 2, which is a 3,600 square foot unit. The hangar unit is stubbed for a bathroom but there is no bathroom in place. The unit has been damaged by Hurricane Ian. The Charlotte County Airport Authority owns the land and leases it to Row Hangar II, LLC. The current lease commenced on June 1, 2005 and expires on May 31, 2035 being a 30 year term. The current rent is $14,250 annually for the entire building (21,600 SF). The rent is adjusted every five years with the next adjustment being on June 1, 2025. The rent will be adjusted based on a fair market value appraisal at the time. There are two renewal options of five years each. There are no real estate taxes due since the land is airport property. The tenant is responsible for maintenance of the building and land, all utilities, and liability insurance.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Industrial
City: Punta Gorda
County: Charlotte
Sq. Ft. Gross: 3,600
Sq. Ft. Living Area: 3,600
Cost per (heated) sqare foot: $106
Year built: 2007
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
Accessibility Features:
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Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Metal Frame, Metal Siding
Foundation: Slab
Roof: Metal
Exterior Features:
Parking Features: AirplaneHangar
Floors Total: 1
Floors in Unit:
Cooling: None
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures: Airplane Hangar
View:
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Lot Information
Lot Features:
Lot Size (acres): 1.72
Lot Size (sq. ft.): 74,923 square feet
Road Frontage: Access Road, Other
Adjoining Property: Airport
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 412315200823
Zoning: ECAP
Tax Legal Desc.: CDA 000 0000 0310 CC DEV AUTH LEASE HOLD BLDG 310
Listing courtesy of RIVERSIDE REALTY SERVICES LLC. 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.
